Refer to the information provided in Table 33.3 below to answer ...

[silviawilliams41]

Excellent

[honnalora]

Great! Please up vote

[abarnes]

Question 1

Refer to the information provided in Figure 33.3 below to answer the question(s) that follow.





Refer to Figure 33.3. The domestic price of shoes is $80. After trade the price of a pair of shoes is $60. After trade this country will ________ 300 pairs of shoes.

◦ buy
◦ sell
◦ import
◦ export

Question 2

Refer to the information provided in Figure 33.3 below to answer the question(s) that follow.





Refer to Figure 33.3. The domestic price of shoes is $80. After trade the price of a pair of shoes is $60. This would cause the number of pairs of shoes produced domestically to

◦ increase.
◦ decrease.
◦ remain the same.
◦ fall to zero.

[bigcheese9]

Answer 1

import

Answer 2

decrease.

[BrownTown3]

Refer to the information provided in Figure 33.3 below to answer the question(s) that follow.





Refer to Figure 33.3. The domestic price of shoes is $80. After trade the price of a pair of shoes is $60. If shoes are a normal good and income in this country falls, then we would expect

◦ the number of pairs of shoes imported into this country to increase.
◦ the number of pairs of shoes imported into this country to decrease.
◦ the number of pairs of shoes exported from this country to increase.
◦ the number of pairs of shoes exported from this country to decrease.

[taylorsonier]

the number of pairs of shoes imported into this country to decrease.

[BrownTown3]

TY

[taylorsonier]

You're welcome