The figure shows the market for shirts in the United States, where D is the domestic demand curve and S is the domestic supply curve. The world price is $20 per shirt.
-In the figure above, with international trade the United States ________ million shirts per year.
A) imports 32
B) imports 48
C) exports 16
D) exports 32
Correct Answer:
Verified
Q1: The fundamental force that drives international trade
Q3: Based on the table below, at what
Q4: Who benefits from imports?
A) domestic consumers
B) domestic
Q5: Comparative advantage implies that a country will
A)
Q6: The United States decides to follow its
Q7: When the principle of comparative advantage is
Q8: In a market open to international trade,
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