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  3. Study Set
    Understanding Economics
  4. Exam
    Exam 15: Foreign Trade
  5. Question
    -If This Economy Was Entirely Closed to International Trade,equilibrium Price
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-If This Economy Was Entirely Closed to International Trade,equilibrium Price

Question 6

Question 6

Multiple Choice

  -If this economy was entirely closed to international trade,equilibrium price and quantity,respectively,would be: A) 0P<sub>c</sub> and 0z B) 0P<sub>t</sub> and 0w C) 0P<sub>c</sub> and 0v D) 0P<sub>t</sub> and 0y E) 0P<sub>a</sub> and 0x
-If this economy was entirely closed to international trade,equilibrium price and quantity,respectively,would be:


A) 0Pc and 0z
B) 0Pt and 0w
C) 0Pc and 0v
D) 0Pt and 0y
E) 0Pa and 0x

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