Figure 9-2 -Refer to Figure 9-2.The World Price for Baskets Represents

question 339

Multiple Choice

Figure 9-2

-Refer to Figure 9-2.The world price for baskets represents

• A) the demand for baskets from the rest of the world.
• B) the supply of baskets from the rest of the world.
• C) the level of inefficiency in the domestic market caused by trade.
• D) the gap between domestic quantity demanded and domestic quantity supplied and the resulting shortage.

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