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
B
Economics
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State at least two major benefits of promoting non-governmental organizations in developing countries as sources and conduits of foreign assistance
What will be an ideal response?
Economics
The ability to produce a good at lower opportunity costs than another producer is known as
A) comparative advantage. B) marginal cost production. C) economies of scale. D) absolute advantage.
Economics