-The Above Figure Shows the Australian Market for Replacement Mobile

question 50

Multiple Choice

-The above figure shows the Australian market for replacement mobile phone batteries. With free trade, Australia imports ________ batteries and once the tariff illustrated in the figure is imposed, Australia imports ______ batteries.

• A) 800,000; 400,000
• B) 300,000; 100,000
• C) 900,000; 100,000
• D) 900,000; 700,000
• E) 700,000; 300,000

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Definitions:

Babies

Very young offspring of humans, characterized by limited cognitive and physical abilities, requiring extensive care and nurturing.

Collection

The act of gathering items or data together, or an assemblage of objects or information.

Ratio

A quantitative relationship between two numbers, showing how many times one value contains or is contained within the other.

Household

A group of people, often a family, who live together in a single dwelling.