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Figure 17-2 -In Figure 17-2,in the Absence of Trade,the Domestic Price of the Absence

Question 125

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Figure 17-2
Figure 17-2 -In Figure 17-2,in the absence of trade,the domestic price of shoes is Pn.Since many foreign countries have a comparative advantage in the production of shoes,when the United States begins to trade,the domestic price will fall to the world price.When this happens,what does the quantity Qc through Qp represent? A) the quantity of shoes that the United States imports B) an increase in the world consumption of shoes C) the quantity of shoes that the United States exports D) a reduction in the world consumption of shoes
Figure 17-2 -In Figure 17-2,in the absence of trade,the domestic price of shoes is Pn.Since many foreign countries have a comparative advantage in the production of shoes,when the United States begins to trade,the domestic price will fall to the world price.When this happens,what does the quantity Qc through Qp represent? A) the quantity of shoes that the United States imports B) an increase in the world consumption of shoes C) the quantity of shoes that the United States exports D) a reduction in the world consumption of shoes
-In Figure 17-2,in the absence of trade,the domestic price of shoes is Pn.Since many foreign countries have a comparative advantage in the production of shoes,when the United States begins to trade,the domestic price will fall to the world price.When this happens,what does the quantity Qc through Qp represent?


A) the quantity of shoes that the United States imports
B) an increase in the world consumption of shoes
C) the quantity of shoes that the United States exports
D) a reduction in the world consumption of shoes

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