The import demand curve shows the amount of the home country's:
a. surplus at various prices below the "no-trade" equilibrium.
b. shortage at various prices below the "no-trade" equilibrium.
c. equilibrium "no-trade" quantity demanded.
d. surplus at various prices above the "no-trade" equilibrium.
e. shortage at various prices above the "no-trade" equilibrium.
b
You might also like to view...
Refer to the scenario above. Which country has the highest income per capita?
A) Neoland B) Eduland C) Techland D) Ritzland
According to the saving and investment equation, if net foreign investment falls by $35 million,
A) domestic investment will fall by $35 million. B) national savings will rise by $35 million. C) national saving in excess of domestic investment will rise by $35 million. D) national saving in excess of domestic investment will decrease by $35 million.