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Figure 9-6 -The World Price of a Ton of Steel Is $1,000

Question 193

Multiple Choice

Figure 9-6 Figure 9-6 -The world price of a ton of steel is $1,000. Before Russia allowed trade in steel, the price of a ton of steel there was $650. Once Russia allowed trade in steel with other countries, Russia began A) exporting steel and the price per ton in Russia remained at $650. B) exporting steel and the price per ton in Russia increased to $1,000. C) importing steel and the price per ton in Russia remained at $650. D) importing steel and the price per ton in Russia increased to $1,000.
-The world price of a ton of steel is $1,000. Before Russia allowed trade in steel, the price of a ton of steel there was $650. Once Russia allowed trade in steel with other countries, Russia began


A) exporting steel and the price per ton in Russia remained at $650.
B) exporting steel and the price per ton in Russia increased to $1,000.
C) importing steel and the price per ton in Russia remained at $650.
D) importing steel and the price per ton in Russia increased to $1,000.

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