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Scenario 4-1 In a Given Year, Country a Exported $12 Million Worth

Question 1

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Scenario 4-1
In a given year, country A exported $12 million worth of goods to country B and $6 million worth of goods to country C; country B exported $4 million worth of goods to country A and $7 million worth of goods to country C; and country C exported $5 million worth of goods to country A and $2 million worth of goods to country B.
-Which of the following is a step that economist​s take in order to examine a real-world issue?


A) ​Determine the results that will occur if the market being considered is a controlled market
B) ​Look at the real-world results to see the similarities they hold with the results of a free market
C) ​Suggest remedies and policies to alter the results of a free-market
D) Suggest remedies or policies to alter the real-world result
E) ​Assume that the market transactions, in a real-world, is completely controlled by the government

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