Figure 18.1 -Refer to Figure 18.1. with an Import Ban, What Is

question 34

Multiple Choice

Figure 18.1
-Refer to Figure 18.1. With an import ban, what is the equilibrium price of gloves in Duckland?

• A) $0
• B) $8
• C) $9
• D) $12

---

Definitions:

Slogan

A short, memorable phrase used to encapsulate the essence of a product, campaign, or idea.

Contract Theory

A theory in legal and political philosophy regarding how contracts and agreements form the foundations of societies and governments, focusing on mutual consent and obligations.

Thomas Hobbes

A 17th-century English philosopher known for his work in political philosophy, particularly his social contract theory as outlined in his book "Leviathan," emphasizing a powerful sovereign for societal peace.

Ordered Society

An ordered society is a community or civilization that operates under a system of laws, norms, and institutions that ensure stability, harmony, and structured social interactions among its members.