Table 7.1.1 Glazeland's Doughnut Market

question 122

Multiple Choice

Table 7.1.1
Glazeland's Doughnut Market

-Table 7.1.1 shows Glazeland's doughnut market before international trade.Glazeland opens up to international trade.If the world price is $0.40,then Glazeland will produce ________ doughnuts and will ________ doughnuts.

• A)3 million;import 3 million
• B)3 million;export 3 million
• C)4 million;import 1 million
• D)4 million;export 1 million
• E)6 million;export 3 million

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Definitions:

Letters

Written or printed communication addressed to a person or organization, typically consisting of a greeting, body, closing, and signature.

Rubber Stamps

Tools used to apply inked designs or impressions, metaphorically referring to giving approval without careful consideration.

Business Communications

The sharing of information between people within and outside an organization in a professional context.

Goodwill

An intangible asset representing the value of a company's brand, reputation, and customer relationships.