The graph shown demonstrates the domestic demand and supply for a good, as well as the world price for that good.
If this country is an autarky, what amount of the good will be consumed domestically, and at what price?
A) 45 units at $11 each
B) 45 units at $23 each
C) 85 units at $16 each
D) 120 units at $23 each
Correct Answer:
Verified
Q39: As the workforce in a country with
Q40: An important determinant of comparative advantage is:
A)homogeneity
Q41: The graph shown demonstrates the domestic demand
Q42: The graph shown demonstrates the domestic demand
Q43: The graph shown demonstrates the domestic demand
Q45: The graph shown demonstrates the domestic demand
Q46: Exports are goods and services that are:
A)produced
Q47: The graph shown demonstrates the domestic demand
Q48: The graph shown demonstrates the domestic demand
Q49: The graph shown demonstrates the domestic demand
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