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:

Learning Climate

A work environment that encourages and supports continuous learning, improvement, and development among its members.

Healthy Learning Climate

An environment within an organization that supports and encourages continuous learning, growth, and development of its members.

Organizations

Structured groups of people who come together to achieve common goals through a division of labor and a hierarchy of authority.

Formal Training Programs

Structured educational initiatives designed to enhance knowledge, skills, and competencies in a professional setting.