7. For the import demand curve, which of the following is true? A) It is upward sloping. B) It has a slope of zero. C) It is downward sloping. D) It is steeper than the domestic demand curve in the importing country.

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7. For the import demand curve, which of the following is true?
A) It is upward sloping.
B) It has a slope of zero.
C) It is downward sloping.
D) It is steeper than the domestic demand curve in the importing country.
8. For the export supply curve, which of the following is true?
A) It is upward sloping.
B) It has a slope of zero.
C) It is downward sloping.
D) It is steeper than the domestic supply curve in the exporting country.
Transcribed Image Text:7. For the import demand curve, which of the following is true? A) It is upward sloping. B) It has a slope of zero. C) It is downward sloping. D) It is steeper than the domestic demand curve in the importing country. 8. For the export supply curve, which of the following is true? A) It is upward sloping. B) It has a slope of zero. C) It is downward sloping. D) It is steeper than the domestic supply curve in the exporting country.
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