Refer to the Figure Below to Answer the Following Questions

question 38

Multiple Choice

Refer to the figure below to answer the following questions.

The figure shows the market for helicopters in Canada, where D is the domestic demand curve and S is the domestic supply curve. Canada trades helicopters with the rest of the world at a price of $36 million per helicopter.
Figure 31.1.2
-In Figure 31.1.2, with international trade ________ helicopters per year are produced in Canada.

• A)360
• B)480
• C)720
• D)240
• E)600

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Definitions:

Domestic Price

The price of a good or service within a country's borders, distinct from its international or export price.

Quota

A trade limitation enforced by the government restricting the amount or financial worth of products that can be imported or exported over a certain timeframe.

Tax

A mandatory contribution to state revenue, levied by the government on workers' income and business profits, or added to the cost of some goods, services, and transactions.

Imports

Materials or services procured from another country and introduced into a domestic market for sale purposes.