-The Figure Above Shows the U

question 148

Essay

-The figure above shows the U.S.demand and the U.S.supply curves of canned peaches.
a.In the absence of trade,what is price of canned peaches in the United States?
b.In the absence of trade,what is the level of production in the United States?
c.If the world price of canned peaches is $1 a can and the United States engages in trade,does the United States import or export canned peaches?
d.If the world price of canned peaches is $1 a can and the United States engages in trade,what is the quantity produced in the United States and what is the quantity consumed? What is the quantity imported or exported?
e.If the world price of canned peaches is $2 a can and the United States engages in trade,does the United States import or export canned peaches?
f.If the world price of canned peaches is $2 a can and the United States engages in trade,what is the quantity produced in the United States and what is the quantity consumed? What is the quantity imported or exported?

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Definitions:

Open Social Systems

Open social systems are organizations that continuously interact with their environment, exchanging information and resources.

External Environment

The outside forces that can impact an organization's performance, including economic, political, technological, and social factors.

Single Union

A term referring to a situation where only one labor union represents the employees of a particular company or workplace.

Unionism Rate

The percentage of workers in a particular sector or industry that are members of labor unions.