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If There Are No Trade Restrictions,a Country Will Import a Particular

Question 54

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:

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