Goods and services produced in the United States and sold in other countries are called
A) consumption goods and services.
B) capital goods.
C) government goods and services.
D) export goods and services.
E) import goods and services.
D
Economics
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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
Economics
Profit is equal to: a. price times quantity
b. total cost times quantity. c. total cost minus total revenue. d. total revenue minus total cost.
Economics