-If the Economy Represented in the Diagram Above Is Open

question 44

Multiple Choice

-If the economy represented in the diagram above is open to trade and the world price of oil is $30 per barrel,then domestic production of oil equals ________ million barrels and domestic consumption of oil equals ________ million barrels.

• A) 6;11
• B) 11;11
• C) 11;16
• D) 12;12
• E) 6;16

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