-Refer to the Diagram Above

question 28

Multiple Choice

-Refer to the diagram above.If this country does not engage in international trade,then the price is ____________________ per pair,the quantity consumed domestically is ____________________ pairs per year,and total economic surplus is ____________________ per year.

• A) $20;1500;$20,000
• B) $20;1000;$20,000
• C) $30;500;$25,000
• D) $30;1500;$25,000
• E) $40;500;$25,000

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Definitions:

English Colonists

Early settlers from England who established colonies in North America, including the thirteen colonies that became the United States.

Native Americans

Indigenous peoples of the United States, including those who were living in the land that is now the U.S. before European colonization.

Interracial Marriages

Marriages between individuals of different racial backgrounds.