Author Question: Refer to Figure 18.1. After trade begins, ________ will specialize in the production of bicycles and ... (Read 56 times)

dejastew · **on:** Jun 30, 2018

Refer to Figure 18.1. After trade begins, ________ will specialize in the production of bicycles and ________ will specialize in the production of hang gliders.

A) the United States; Canada B) the United States.; the United States
C) Canada; Canada D) Canada; the United States

Question 2

If the number of sellers decreases, then the supply curve ________ and the supply ________.

A) shifts rightward; increases
B) shifts leftward; decreases
C) does not shift; does not change, but there is a decrease in the quantity supplied
D) shifts leftward; increases
E) shifts rightward; decreases