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(Figure: Market for Engines) According to the Figure, If There

Question 86

Multiple Choice

(Figure: Market for Engines) According to the figure, if there is international trade in this market, and the world price of an engine is $1,000:
(Figure: Market for Engines) According to the figure, if there is international trade in this market, and the world price of an engine is $1,000: A) domestic consumers will import 1,000 units. B) domestic consumers will export 1,000 units. C) domestic producers will import 600 units. D) domestic producers will export 600 units.


A) domestic consumers will import 1,000 units.
B) domestic consumers will export 1,000 units.
C) domestic producers will import 600 units.
D) domestic producers will export 600 units.

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