Multiple Choice
Table 13.14 shows the output of kumquats per month.
-Refer to Table 13.14 to answer this question.What is the world (free trade) price of kumquats,and what quantity of this product is being consumed domestically?
A) $4 and 50 kilos consumed.
B) $4 and 90 kilos consumed.
C) $5 and 80 kilos consumed.
D) $6 and 70 kilos consumed.
E) $6 and 130 kilos consumed.
Correct Answer:

Verified
Correct Answer:
Verified
Q142: Table 13.14 shows the output of kumquats
Q143: Table 13.14 shows the output of kumquats
Q144: A country has favourable terms of trade
Q145: Below are the production possibilities (without trade)and
Q146: Table 13.14 shows the output of kumquats
Q148: Table 13.14 shows the output of kumquats
Q149: Below is the productivity per worker (kilos
Q150: Below is the productivity per worker (kilos
Q151: Below is some hypothetical data for the
Q152: What is the term for a tax