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C. imports increase, domestic production decreases, prices decrease<br />
D. imports decrease, domestic production increases, prices<br />
decrease<br />
Question 18 of<br />
20<br />
5.0/ 5.0 Points<br />
Which of the following situations will arise in the domestic market following the imposition of an import ban?<br />
A. imports increase, domestic production increases, prices increase<br />
B. imports increase, domestic production decreases, prices decrease<br />
C. imports decrease, domestic production increases, prices increase<br />
D. imports decrease, domestic production increases, prices<br />
decrease<br />
Question 19 of<br />
20<br />
5.0/ 5.0 Points<br />
An import ban results in __________ .<br />
A. a decrease in the supply of the product<br />
B. an increase in the product's price<br />
C. a decrease in the quantity of the product bought and<br />
sold<br />
D. all of the above<br />
Question 20 of<br />
20<br />
5.0/ 5.0 Points<br />
The consumption possibilities curve shows the combinations of goods that can be __________ .<br />
A. consumed by a nation before trade begins<br />
B. consumed by a nation after trading begins
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