Figure 81 Depicts the Supply and Demand Schedules of Calculators for for Greece,a

question 208

Multiple Choice

Figure 8.1 depicts the supply and demand schedules of calculators for Greece,a "small" country that is unable to affect the world price.Greece's supply and demand schedules of calculators are respectively depicted by SG and DG.Assume that Greece imports calculators from either Germany or France.Suppose Germany is the world's low-cost producer who can supply calculators to Greece at $20 per unit,while France can supply calculators at $30 per unit.
Figure 8.1.Effects of a Customs Union

-Referring to Figure 8.1,suppose Greece forms a customs union with France.Greece will import:

• A) 3 calculators at a per-unit price of $30
• B) 3 calculators at a per-unit price of $40
• C) 6 calculators at a per-unit price of $30
• D) 6 calculators at a per-unit price of $40

---

Definitions:

American Bible Society

A Christian organization founded in 1816, focused on the distribution of the Bible and biblical resources worldwide to share the message of Christianity.

Seneca Falls Convention

A pivotal gathering held in 1848 that marked the beginning of the women's suffrage movement in the United States.

Utopian Communities

Idealized and experimental communities designed to achieve a perfect societal living situation; often emerging during periods of social upheaval.

Political Dissension

Disagreement or conflict arising from differing views on political issues, often leading to debate or contentious interactions within societies.