Author Question: Refer to Figure 3-4. If the price is 25 A) there is a shortage of 300 units. B) there is a ... (Read 85 times)

chandani · **on:** Jun 29, 2018

Refer to Figure 3-4. If the price is 25

A) there is a shortage of 300 units. B) there is a shortage of 200 units.
C) there is a surplus of 200 units. D) there is a surplus of 300 units.

Question 2

Refer to Table 2-16. If the two countries specialize and trade, who should export cell phones?

A) They should both be importing cell phones.
B) Finland
C) Estonia
D) There is no basis for trade between the two countries.