Figure 9-6 -Zelzar Has Decided to End Its Policy of Not Trading

question 117

Multiple Choice

Figure 9-6
-Zelzar has decided to end its policy of not trading with the rest of the world. When it ends its trade restrictions, it discovers that it is importing incense, exporting steel, and neither importing nor exporting rugs. Which groups in Zelzar are better off as a result of the new free-trade policy?

• A)producers of incense and consumers of steel
• B)consumers of all three goods
• C)consumers of incense and producers of rugs
• D)producers of steel and consumers of incense

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Definitions:

Ounce

A unit of weight commonly used in the United States and the United Kingdom, equal to one-sixteenth of a pound or approximately 28.35 grams.

Grip-Cap Roofing Nails

Specialized nails used in roofing, designed with a wider head or cap to securely hold roofing materials in place.

Kilograms

A metric unit of mass equal to one thousand grams or approximately 2.20462 pounds.

Pounds

A unit of weight commonly used in the United States and the British imperial system, equivalent to 0.453592 kilograms.