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 48
B) exports 16
C) exports 32
D) imports 32
Correct Answer:
Verified
Q1: Based on the table below, at
Q2: The fundamental force that generates international trade
Q3: Based on the table below, at
Q4: Q6: Suppose the world price of a Q7: Who benefits from imports? Q8: Q9: Consider a market that, with no international Q10: The United States decides to follow its Q11: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()
A) foreign consumers
B) domestic![]()
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