Suppose a Country,whose Production and Consumption of Cell Phones Is

question 111

Multiple Choice

Suppose a country,whose production and consumption of cell phones is large relative to the world market,has just entered the global market.If the country is a net-importer of cell phones,we would expect:

• A) an increase in both world price and quantity of cell phones.
• B) an increase in world price and decrease in world quantity of cell phones.
• C) a decrease in both world price and quantity of cell phones.
• D) a decrease in world price, and increase in world quantity of cell phones.

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Definitions:

Quaternary

The most recent geological period, starting 2.58 million years ago and continuing to the present, characterized by ice ages and significant human evolution and development.

Extinction

The elimination of a species; occurs when the last individual member of a species dies; see background extinction and mass extinction.

Autotrophs

Organisms that produce their own food using light, water, carbon dioxide, or other chemicals.

Cyanobacteria

Photosynthetic microorganisms, also known as blue-green algae, that contribute significantly to the Earth's oxygen production.