Figure 9.8
-Refer to Figure 9.8. With no government interference, the country pictured will
A) import 500 tons of sugar.
B) import 300 tons of sugar.
C) import 200 tons of sugar.
D) import no sugar.
E) export sugar.

Question

Figure 9.8
-Refer to Figure 9.8. With no government interference, the country pictured will
A) import 500 tons of sugar. 
B) import 300 tons of sugar. 
C) import 200 tons of sugar. 
D) import no sugar. 
E) export sugar.

Quizplus · Accepted Answer

The country will import 300 tons of sugar because the domestic supply is less than the domestic demand at the world price, leading to imports to meet the excess demand.

Figure 9.8 -Refer to Figure 9.8. with No Government Interference, the Country