Refer to the Figure Below to Answer the Following Questions

question 50

Multiple Choice

Refer to the figure below to answer the following questions. Figure 7.2.2
The figure shows the market for helicopters in Canada,where D is the domestic demand curve and S is the domestic supply curve.The world price is $36 million per helicopter.
-In Figure 7.2.2,if the economy moves from no trade to international trade,consumer surplus in Canada ________ by ________.

• A)decreases;$2.88 billion
• B)decreases;$1.92 billion
• C)increases;$2.88 billion
• D)increases;$4.8 billion
• E)increases;$1.92 billion

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Definitions:

Trial By Jury

A legal proceeding where a jury made up of citizens determines the guilt or innocence of the accused, serving as an integral part of the justice system in many countries.

Paternalistic Slave Owner

is a term for a slave owner who believed in treating enslaved individuals with a degree of care in the guise of a benevolent guardian, while still upholding the institution of slavery.

Upper South

A term referring to the northern tier of the Southern states in the United States, which historically included states like Virginia and Tennessee.

Lower South

A geographic term referring to the southernmost states of the U.S., often associated with deep historical ties to plantation agriculture and the Confederacy.