Solved

The Figure Above Shows the U

Question 133

Multiple Choice

   The figure above shows the U.S. market for airplanes, where SUS is the domestic supply curve and DUS is the domestic demand curve. The United States trades freely with the rest of the world. The world price of an airplane is $150 million. -Based on the figure above,international trade leads to A)  a net gain in surplus of $12.5 billion. B)  a net loss of surplus of $12.5 billion. C)  a net gain in surplus of $27.5 billion. D)  a net loss of surplus of $15 billion. E)  no net gain or loss of surplus.
The figure above shows the U.S. market for airplanes, where SUS is the domestic supply curve and DUS is the domestic demand curve. The United States trades freely with the rest of the world. The world price of an airplane is $150 million.
-Based on the figure above,international trade leads to


A) a net gain in surplus of $12.5 billion.
B) a net loss of surplus of $12.5 billion.
C) a net gain in surplus of $27.5 billion.
D) a net loss of surplus of $15 billion.
E) no net gain or loss of surplus.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions