The Diagram Below Shows the (Hypothetical)demand and Supply Curves for Regional

question 17

Multiple Choice

The diagram below shows the (hypothetical) demand and supply curves for regional jets in Canada.Assume that the market is competitive,all jets are identical,and that Canada engages in international trade. FIGURE 32-6
-Refer to Figure 32-6.If the world price of a regional jet is $35 million,Canada will

• A)neither import nor export any jets.
• B)import 60 jets per year.
• C)import 20 jets per year.
• D)export 80 jets per year.
• E)export 20 jets per year.

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Definitions:

Blood

A vital liquid in humans and many animals, composed of cells and plasma, that circulates through the body delivering oxygen and nutrients while removing waste products.

Turbulence

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Active Avoidance

A type of learning in which an individual learns to perform a behavior to prevent or avoid an unpleasant stimulus.