The following question are based on the following graphs for men's shirts in South Korea and the United States. The exchange rate is 1,200 won equals $1.00.

-Under free trade,the price of men's shirts in South Korea tends toward ________ won.

Question

The following question are based on the following graphs for men's shirts in South Korea and the United States. The exchange rate is 1,200 won equals $1.00.
 
-Under free trade,the price of men's shirts in South Korea tends toward ________ won.

Quizplus · Accepted Answer

Under free trade, the price in a country tends toward the world price or the price at which that good can be bought or sold internationally. Without specific data on costs, tariffs, or world prices, it's impossible to determine the exact price. However, if this question is based on a specific dataset or context where 36,000 won is identified as the equilibrium or world price for men's shirts in South Korea, then that would be the correct answer under free trade conditions.

The Following Question Are Based on the Following Graphs for Men's