Multiple Choice
The following figure shows the demand curve, D, and the supply curve, S, for calculators in Barylia. The world price of calculators is $40.
-Refer to the figure above.Which of the following statements is true?
A) Barylia as a whole gained from opening up to free trade.
B) Barylia as a whole lost from opening up to free trade.
C) The buyers of calculators in Barylia gained from opening up to free trade.
D) The firms in Barylia that manufactured calculators lost from opening up to free trade.
Correct Answer:

Verified
Correct Answer:
Verified
Q22: Scenario: Hawaii and South Carolina are trading
Q23: The following figure shows the demand curve,D,and
Q24: The following figure shows the demand curve,
Q25: Scenario: Viola and Davis are two students
Q26: An export is any good that is
Q28: The figure below shows the domestic supply
Q29: The figure below shows production possibilities curves
Q30: If a nation is a net importer,it
Q31: The following figure shows the demand curve,
Q32: If a nation opens up to free