The Following Question Are Based on the Following Graphs for Men's

question 54

Multiple Choice

The following question are based on the following graphs for men's shirts in South Korea and the United States. The exchange rate is 1,200 won equals $1.00.

-Under the market conditions shown in the graphs

• A) the United States tends to export men's shirts to South Korea. The price falls in the United States but rises in South Korea.
• B) the United States imports all of its men's shirts and curtails domestic production.
• C) the demand curve for men's shirts in the United States and the supply curve for men's shirts in South Korea both shift to the left and prices in the two markets equalize.
• D) the South Koreans introduce a tariff on imported men's shirts to keep out U.S. goods.
• E) the United States tends to import men's shirts from South Korea rather than export men's shirts to it.

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Definitions:

Cool-down Period

A period of time after physical exercise or a high-stress event where activities are performed at a reduced intensity to facilitate recovery.

Aerobic Exercise

Physical activity that involves the use of oxygen to adequately meet energy demands during exercise via aerobic metabolism.

Weight Training

A form of physical activity that involves lifting weights or using resistance to build muscle strength, endurance, and size.

Resistance Training

A form of physical activity designed to improve muscular strength and endurance by exercising against an opposing force.