Refer to the table above. If the word price of trousers is $18 per pair, then which of the following statements is true?
A) All the four countries will export trousers.
B) All the four countries will import trousers.
C) Country A and Country D will export trousers, whereas Country B and Country C will import trousers.
D) Country A and Country D will import trousers, whereas Country B and Country C will export trousers.
A
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Suppose the table below describes the relationship between price and quantity demanded for a monopolist.QuantityPrice1$102$93$84$75$66$57$48$3 The marginal revenue of the third unit of output is:
A. $24. B. -$1. C. $8. D. $6.
Scarcity is a concept that applies to all of the following except
A. time. B. natural resources. C. human wants. D. machinery.
As Leilani eats a second and third macadamia nut cookie, she will increase her ______ for that good.
a. marginal utility b. demand c. product substitution d. total utility
If the U.S. experiences a current account deficit, then
A. the U.S. must also be running a capital account deficit. B. the U.S. must be running a capital account surplus. C. the U.S. may either experience a capital account surplus or deficit. D. None of these statements are true.