For country A, an import is a good produced in

A) country A and purchased by residents of country B.
B) country A and purchased by residents of country A.
C) country B and purchased by residents of country A.
D) country B and purchased by residents of country B.

C

Economics

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What does a production point beyond the production possibilities frontier represent?

What will be an ideal response?

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A positive supply shock causes ________ to ________

A) aggregate demand; increase B) aggregate demand; decrease C) short-run aggregate supply; decrease D) short-run aggregate supply; increase

Economics