(Figure: Foreign Trade) Refer to the figure. What quantitywould be produced domestically?
A)600
B)1,400
C)1,000
D)800

Name: (Figure: Foreign Trade) Refer to the figure. What quantitywould be produced domestically? A)600 B)1,400 C)1,000 D)800
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Question

(Figure: Foreign Trade) Refer to the figure. What quantitywould be produced domestically?
A)600 
B)1,400 
C)1,000 
D)800

Quizplus · Accepted Answer

The domestic supply curve intersects the world price line at a quantity of 800, so that is the quantity that would be produced domestically.

(Figure: Foreign Trade) Refer to the Figure