Figure 4.1 illustrates the demand and supply schedules for pocket calculators in Mexico, a "small" nation that is unable to affect the world price.
Figure 4.1. Import Tariff Levied by a "Small" Country
-Consider Figure 4.1.With free trade, Mexico imports
A) 40 calculators.
B) 60 calculators.
C) 80 calculators.
D) 100 calculators.

Question

Figure 4.1 illustrates the demand and supply schedules for pocket calculators in Mexico, a "small" nation that is unable to affect the world price.
Figure 4.1. Import Tariff Levied by a "Small" Country 
-Consider Figure 4.1.With free trade, Mexico imports
A) 40 calculators. 
B) 60 calculators. 
C) 80 calculators. 
D) 100 calculators.

Quizplus · Accepted Answer

The Answer of Figure 4.1 illustrates the demand and supply schedules for pocket calculators in Mexico, a "small" nation that is unable to affect the world price.
Figure 4.1. Import Tariff Levied by a "Small" Country 
-Consider Figure 4.1.With free trade, Mexico imports
A) 40 calculators. 
B) 60 calculators. 
C) 80 calculators. 
D) 100 calculators.

Figure 41 Illustrates the Demand and Supply Schedules for Pocket Calculators