Question: What does the term import demand describe? A. The excess of foreign supply over foreign demand B. Demand for a good the country would like

 What does the term "import demand" describe? A. The excess of

What does the term "import demand" describe? A. The excess of foreign supply over foreign demand B. Demand for a good the country would like to import because it does not produce this good domestically C. The excess of domestic demand over domestic supply. D. Relative demand for the importing country

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!