Table 7.1.1 Glazeland's Doughnut Market

Multiple Choice

Table 7.1.1
Glazeland's Doughnut Market

-Table 7.1.1 shows Glazeland's doughnut market before international trade.Glazeland opens up to international trade.If the world price is $0.60,then Glazeland will produce ________ doughnuts and will ________ doughnuts.

A) 2 million;import 3 million
B) 4 million;import 1 million
C) 4 million;export 1 million
D) 5 million;import 3 million
E) 5 million;export 3 million