Refer to the Figure Below to Answer the Following Questions

question 38

Multiple Choice

Refer to the figure below to answer the following questions.

Figure 7.2.1
The figure shows the market for shirts in Canada, where D is the domestic demand curve and S is the domestic supply curve. The world price is $20 per shirt.
-In Figure 7.2.1, with international trade, ________ million shirts per year are produced in Canada.

• A)48
• B)32
• C)20
• D)56
• E)16

---

Definitions:

Global Spending Priorities

The allocation and distribution of financial resources across various sectors globally, influenced by economic policies, societal needs, and international agreements.

Collectivism

A value system that emphasizes the importance of the group over individual achievements, promoting shared goals and responsibilities within a community.

Consumerism

The societal tendency to equate personal happiness with the purchase and consumption of material possessions.

Global Inequality

The unequal distribution of resources, opportunities, and wealth among and within countries, contributing to disparities in health, education, and living standards.