-The Above Figure Shows the Australian Market for Replacement Mobile

question 50

Multiple Choice

-The above figure shows the Australian market for replacement mobile phone batteries. With free trade, Australia imports ________ batteries and once the tariff illustrated in the figure is imposed, Australia imports ______ batteries.

• A) 800,000; 400,000
• B) 300,000; 100,000
• C) 900,000; 100,000
• D) 900,000; 700,000
• E) 700,000; 300,000

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Definitions:

Events

are occurrences or activities that take place at a specific time and place, often involving participation or observation by people.

Functionalism

A theoretical framework in sociology and anthropology that views society as a complex system whose parts work together to promote solidarity and stability.

Dynamic System

A system characterized by constant change, activity, or progress, often used in reference to complex systems with various interdependent factors and variables.

Interrelated Parts

Components that are connected or related in such a way that changes in one part affect the others.