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Author Question: The figure above shows the U.S. demand and U.S. supply curves for cherries. At a world price of 2 ... (Read 217 times)

Tirant22

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The figure above shows the U.S. demand and U.S. supply curves for cherries. At a world price of 2 per pound once international trade occurs, the total imports of cherries to the United States from other nations equals
 
  A) 200,000 pounds.
  B) 400,000 pounds.
  C) 600,000 pounds.
  D) 800,000 pounds.
  E) 0 pounds.

Question 2

The Williams' household uses natural gas heat, the Reynolds' use a wood stove. Whose household heating system is most efficient?
 
  A) Without more information, the question is meaningless.
  B) Williams'
  C) Reynolds'
  D) It depends only on the BTU's (the amount of heat produced) per unit of heat-source input.


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Chou

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