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

Question 28

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 production of oil equals ________ million barrels and domestic consumption of oil equals _______ million barrels. A) 8;11 B) 11;11 C) 14;8 D) 8;14 E) 14;11
-If the economy in the diagram above is open to trade and the world price of oil is $25 per barrel,then domestic production of oil equals ________ million barrels and domestic consumption of oil equals _______ million barrels.


A) 8;11
B) 11;11
C) 14;8
D) 8;14
E) 14;11

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