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-If the Economy Represented in the Diagram Above Is Open

Question 44

Multiple Choice

-If the economy represented in the diagram above is open to trade and the world price of oil is $30 per barrel,then domestic production of oil equals ________ million barrels and domestic consumption of oil equals ________ million barrels. A) 6;11 B) 11;11 C) 11;16 D) 12;12 E) 6;16
-If the economy represented in the diagram above is open to trade and the world price of oil is $30 per barrel,then domestic production of oil equals ________ million barrels and domestic consumption of oil equals ________ million barrels.


A) 6;11
B) 11;11
C) 11;16
D) 12;12
E) 6;16

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