Suppose a Country Becomes More Open to Trade and Imports

question 17

Multiple Choice

Suppose a country becomes more open to trade and imports increase.This means that:

• A)everyone in the country benefits from trade
• B)the losses of the losers is less than the gains of the winners
• C)the losses of the losers exceed the gains of the winners
• D)everyone in the country loses from the trade

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Definitions:

Investment Matured

An investment matured refers to when an investment reaches its due date and the principal amount is returned to the investor along with any final interest payments.

Interest Amount

The sum paid or charged for the use of money or for borrowing money.

Interest Earned

Interest Earned is the amount of interest received over a period on deposits or investments.

Invested Amount

The sum of money placed into an investment vehicle with the expectation of generating a return.