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-If the Economy in the Diagram Above Is Open to Trade

Question 1

Multiple Choice

-If the economy in the diagram above is open to trade and the world price of oil is $25 per barrel,then this economy will _________ million barrels of oil. A) export 6 B) export 8 C) export 10 D) import 10 E) import 6
-If the economy in the diagram above is open to trade and the world price of oil is $25 per barrel,then this economy will _________ million barrels of oil.


A) export 6
B) export 8
C) export 10
D) import 10
E) import 6

Correct Answer:

verifed

Verified

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