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 $0.40,then Glazeland will produce ________ doughnuts and will ________ doughnuts.
A) 3 million;import 3 million
B) 3 million;export 3 million
C) 4 million;import 1 million
D) 4 million;export 1 million
E) 6 million;export 3 million
Correct Answer:
Verified
Correct Answer:
Verified
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