Refer to the Table Below to Answer the Following Questions

question 63

Multiple Choice

Refer to the table below to answer the following questions.
Table 7.1.1
Glazeland's Doughnut Market

-Table 7.1.1 shows Glazeland's doughnut market before international trade.Glazeland opens up to international trade.If the world price is $0.60 a doughnut then Glazeland will produce ________ doughnuts and will ________ doughnuts.

• A)2 million;import 3 million
• B)4 million;import 1 million
• C)4 million;export 1 million
• D)5 million;import 3 million
• E)5 million;export 3 million

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Definitions:

1-2-3 Pattern

A structured approach or method that typically involves a three-step process for achieving a task or solving a problem.

Organizing Information

The process of arranging data and information into a structured and logical order for ease of understanding and analysis.

Oral Presentation

A spoken report on a particular topic, often involving a visual aspect like Powerpoint, aimed at educating or informing a group.

Key Points

Crucial or core information that forms the backbone of an argument, presentation, or discussion.