Based on the Table Below, at What World Price Would

question 45

Multiple Choice

Based on the table below, at what world price would the country export?
$$\begin{array} { | l | l | l | } \hline \text { Price } & \text { QD emanded } & \text { QSupplied } \\\hline 2 & 100 & 70 \\\hline 4 & 95 & 75 \\\hline 6 & 90 & 80 \\\hline 8 & 85 & 85 \\\hline 10 & 80 & 90 \\\hline 12 & 75 & 95 \\\hline\end{array}$$

• A) at only $8
• B) all prices below $8
• C) it is impossible to say
• D) all prices above $8

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Definitions:

Internal Colonialism

The economic and political subjugation of the minority group by the dominant group within a nation.

Minority Group

A category of people who experience relative disadvantage as compared to members of a dominant social group, often marked by racial, religious, ethnic, or gender distinctions.

Political Borders

Imaginary lines that define the boundary of a nation or state, separating it from other nations or states.

Exploitation

The action or fact of treating someone unfairly in order to benefit from their work or resources.