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:

Contingency Work

Refers to temporary, flexible, or freelance jobs, often without long-term contracts or traditional benefits.

Advertising Firm

A company specializing in creating, planning, and handling advertising and sometimes other forms of promotion for its clients.

Final Year

The last year of an academic or educational program, often associated with completing final assessments and preparing for graduation.

Alternative Work Arrangements

These are non-traditional work schedules or locations that differ from the standard 9-to-5 office job, including remote work, flexible hours, and part-time positions.