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Exhibit 19-2 -In Exhibit 19-2,if the World Price of Tulips Is $1

Question 74

Multiple Choice

Exhibit 19-2
Exhibit 19-2 -In Exhibit 19-2,if the world price of tulips is $1 and there are no trade restrictions,The Netherlands will A) produce 7,000,consume 8,000,and import 1,000 tulips B) produce 8,000,consume 5,000,and export 3,000 tulips C) produce 7,000,consume 10,000,and import 3,000 tulips D) produce no tulips E) import all of the tulips that it consumes
-In Exhibit 19-2,if the world price of tulips is $1 and there are no trade restrictions,The Netherlands will

A) produce 7,000,consume 8,000,and import 1,000 tulips
B) produce 8,000,consume 5,000,and export 3,000 tulips
C) produce 7,000,consume 10,000,and import 3,000 tulips
D) produce no tulips
E) import all of the tulips that it consumes

Correct Answer: