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

Principles of Economics, 7th Edition (MindTap Course List)
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ISBN:9781285165875
Author:N. Gregory Mankiw
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Chapter9: Application: International Trade
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What does the term "import demand" describe?
O A. Relative demand for the importing country.
B. The excess of domestic demand over domestic supply.
OC. The excess of foreign supply over foreign demand.
O D. Demand for a good the country would like to import because it does not produce this good domestically.
Transcribed Image Text:What does the term "import demand" describe? O A. Relative demand for the importing country. B. The excess of domestic demand over domestic supply. OC. The excess of foreign supply over foreign demand. O D. Demand for a good the country would like to import because it does not produce this good domestically.
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