Multiple Choice
-If the economy in the diagram above is open to trade and the world price of oil is $25 per barrel,then domestic consumption will be ________ million barrels,of which ________ million barrels will be imported.
A) 9;11
B) 9;14
C) 9;16
D) 16;9
E) 16;7
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q35: The demand for shoes in a country
Q36: A common market is an agreement that
Q37: If the economy is initially suffering from
Q38: The demand for DVD players in a
Q39: When a tariff is imposed on a
Q41: Use the following table to answer the
Q42: An agreement that aims to reduce restrictions
Q43: The demand for shoes in a country
Q44: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3713/.jpg" alt=" -If the economy
Q45: If trade is unrestricted,countries will _ goods