Refer to the Figure Below to Answer the Following Questions

question 79

Multiple Choice

Refer to the figure below to answer the following questions.

The figure shows the market for helicopters in Canada, where D is the domestic demand curve and S is the domestic supply curve. Canada trades helicopters with the rest of the world at a price of $36 million per helicopter.
Figure 31.1.2
-In Figure 31.1.2, Canada ________ helicopters per year.

• A)exports 480
• B)exports 720
• C)imports 480
• D)imports 240
• E)exports 240

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Definitions:

Cost of Goods Sold

The direct costs attributable to the production of the goods sold in a company, including the material and labor costs.

Conglomerates

Large corporations that own a collection of different companies across various industries.

Seasonal Nature

Describes fluctuations in business activity, revenue, or profits at certain times of the year due to seasonal factors such as holidays or weather changes.

Fiscal Year Ends

The completion of a one-year, or 12-month, accounting period after which a company determines its financial performance.