-The above figure shows the U.S.market for flip-flops.With international trade,U.S.consumers buy ________ flip-flops and U.S.producers produce ________ flip-flops.

Question

Quizplus · Accepted Answer

With international trade, U.S. consumers have access to more flip-flops due to imports, increasing the total consumed to 700,000. U.S. producers, facing competition from cheaper imports, reduce their production to 300,000.

-The Above Figure Shows the U