Figure 9-2 -Refer to Figure 9-2.The World Price for Baskets Represents

Multiple Choice

Figure 9-2

-Refer to Figure 9-2.The world price for baskets represents

A) the demand for baskets from the rest of the world.
B) the supply of baskets from the rest of the world.
C) the level of inefficiency in the domestic market caused by trade.
D) the gap between domestic quantity demanded and domestic quantity supplied and the resulting shortage.