The figure below shows the demand (D) and supply (S) curves of cocoa in the U.S.Figure 21.4

-The world output is higher if the countries follow restrictive trade policies rather than free trade.

Question

The figure below shows the demand (D) and supply (S) curves of cocoa in the U.S.Figure 21.4
 
-The world output is higher if the countries follow restrictive trade policies rather than free trade.

Quizplus · Accepted Answer

Based on the information provided, there is no direct correlation between trade policies and world output. The demand and supply curves of cocoa in the U.S. do not provide enough information to determine the impact of trade policies on world output. Thus, the statement cannot be determined as true or false based on the given information.

The Figure Below Shows the Demand (D) and Supply (S)