Solved

) in Exhibit 193, If the World Price of Tulips

Question 65

Multiple Choice

) ) In Exhibit 193, if the world price of tulips is $1 and there are no traderestrictions, The Netherlands will A) produce 7,000, consume 10,000, and export 3,000 tulips B) produce 10,000 and consume 10,000 tulips C) produce no tulips D) import all of the tulips that it consumes E) consume all of the tulips that it produces In Exhibit 193, if the world price of tulips is $1 and there are no traderestrictions, The Netherlands will

A) produce 7,000, consume 10,000, and export 3,000 tulips
B) produce 10,000 and consume 10,000 tulips
C) produce no tulips
D) import all of the tulips that it consumes
E) consume all of the tulips that it produces

Correct Answer: