If There Are No Trade Restrictions, a Country Will Import

question 65

Multiple Choice

If there are no trade restrictions, a country will import a particular good if

• A)domestic quantity supplied equals domestic quantity demanded at the world price
• B)there is excess domestic quantity demanded at the world price
• C)world quantity supplied is less than world quantity demanded
• D)world quantity supplied is greater than world quantity demanded
• E)domestic quantity supplied is greater than domestic quantity demanded at the world price

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Definitions:

Representation

The act of electing officials who are charged with acting on behalf of a larger group, reflecting their interests in a legislative or governmental setting.

Congress

The bicameral legislature of the federal government of the United States, consisting of two chambers: the Senate and the House of Representatives.

Iron Triangles

A concept in U.S. politics that captures the stable, mutually beneficial relationships among government agencies, interest groups, and congressional committees or subcommittees.

Committee System

The organizational method used by legislatures, such as the United States Congress, to manage and process legislation through specialized groups or committees.