Exhibit 17-8 -If the Country in Exhibit 17-8 Is Initially Trading Without

question 3

Multiple Choice

Exhibit 17-8
-If the country in Exhibit 17-8 is initially trading without restrictions at a world price of $2.00 and an import quota of 50 units per month is enacted,

• A)imports will not change
• B)imports will increase from 25 to 50 units per month
• C)domestic production will increase from 100 to 175 units per month
• D)domestic production will increase from 100 to 125 units per month
• E)domestic production will increase from 100 to 150 units per month

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Definitions:

Mitochondria

Organelles found in the cytoplasm of eukaryotic cells that generate most of the cell's supply of ATP, used as a source of chemical energy.

Mitochondrial Matrix

The innermost compartment of mitochondria, filled with enzymes that are involved in energy production through the citric acid cycle.

Intermembrane Space

The region located between the inner and outer membranes of a mitochondrion or a chloroplast.

Cytoplasm

The gel-like substance enclosed within the cell membrane of all cell types, containing all organelles except the nucleus; involved in cellular processes such as growth and metabolism.