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Use the following figure to answer the questions : Figure 10-5 shows the domestic U.S.market for bananas and the global market for bananas.The domestic supply curve is given by SUPPLYUS.With free trade,the equilibrium output in the U.S.market is Q.The import quota imposed by the government is equal to 0A.
-Refer to Figure 10-5.Which of the following should necessarily be true in the absence of a quota?
Present
Pertaining to the current time or moment; being in the place under consideration.
Future
The time or period that comes after the present, which has yet to occur and is unknown or uncertain.
Presenteeism
The act of attending work while sick, resulting in reduced productivity and potentially prolonging illness.
Attending Work
The act of being physically present and engaged in the workplace environment as required by one's employment obligations.
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