Table 31.1.1 Glazeland's Doughnut Market

question 3

Multiple Choice

Table 31.1.1
Glazeland's Doughnut Market

-Table 31.1.1 shows Glazeland's doughnut market before international trade. Glazeland opens up to international trade. If the world price is $0.60, 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:

Exclusion

The act of preventing someone's participation or access to a group, activity, or resource.

Conflict

A struggle or clash between opposing forces, arising from differences in ideas, values, or interests.

Contact Hypothesis

A theory suggesting that under appropriate conditions intergroup contact is one of the most effective ways to reduce prejudice between majority and minority group members.

Intergroup Relations

Refers to the interactions and relationships between groups, including their dynamics, conflicts, and cooperation.