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) the quantity of the good demanded by the domestic consumers decreases.
D) the quantity of the good supplied by the domestic producers increases.
E) the world price of the good is higher than its domestic price.
Correct Answer:

Verified
Correct Answer:
Verified
Q27: Regional trading bloc agreements<br>A)are not considered trade
Q102: The following graph shows the demand for
Q103: When a country imposes a per-unit tariff
Q104: Ad valorem tariffs on imports are based
Q105: Which of the following is not an
Q106: The following table shows the demand,supply,and
Q109: Which of the following reasons best explains
Q110: The world price of a good refers
Q111: Which of the following was a motive
Q112: During a year,the government of a country