Use the Following Scenario to Answer the Next Four Questions

question 49

Multiple Choice

Use the following scenario to answer the next four questions:
RayRay and Andrew produce baseballs and golf balls. RayRay can produce six baseballs per hour or four golf balls per hour. Andrew can produce three baseballs per hour or one golf ball per hour.
-Which of the following situations will arise in the domestic market following the removal of an import quota?

• A) Imports increase, domestic production decreases, and prices decrease.
• B) Imports decrease, domestic production increases, and prices decrease.
• C) Imports decrease, domestic production decreases, and prices increase.
• D) Imports increase, domestic production increases, and prices increase.
• E) Imports decrease, domestic production increases, and prices increase.

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Definitions:

Stranger Wariness

The fear or distress that infants and young children may experience when encountering unfamiliar people, typically emerging around 6 to 12 months.

Fear Of The Unknown

An anxiety or apprehension about something that is not known or familiar.

Laughter

The audible expression or appearance of mirth, joy, or amusement, which often involves contractions of the diaphragm and other parts of the respiratory system.

Social Smile

A smile from an infant that is directed towards people, typically emerging around 6 to 8 weeks of age, signifying the beginning of social development.