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Exhibit 19-4 in Exhibit 19-4, If the World Price

Question 68

Multiple Choice

Exhibit 19-4 Exhibit 19-4 In Exhibit 19-4, if the world price of tulips is $1 and there are no trade restrictions, The Netherlands will A) produce 7, 000, consume 10, 000, and export 3, 000 tulips B) produce 10, 000 and consume 10, 000 tulips C) produce no tulips D) import all of the tulips that it consumes E) consume all of the tulips that it produces In Exhibit 19-4, if the world price of tulips is $1 and there are no trade restrictions, The Netherlands will


A) produce 7, 000, consume 10, 000, and export 3, 000 tulips
B) produce 10, 000 and consume 10, 000 tulips
C) produce no tulips
D) import all of the tulips that it consumes
E) consume all of the tulips that it produces

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