Figure 81 Depicts the Supply and Demand Schedules of Calculators for for Greece,a

question 208

Multiple Choice

Figure 8.1 depicts the supply and demand schedules of calculators for Greece,a "small" country that is unable to affect the world price.Greece's supply and demand schedules of calculators are respectively depicted by SG and DG.Assume that Greece imports calculators from either Germany or France.Suppose Germany is the world's low-cost producer who can supply calculators to Greece at $20 per unit,while France can supply calculators at $30 per unit.
Figure 8.1.Effects of a Customs Union

-Referring to Figure 8.1,suppose Greece forms a customs union with France.Greece will import:

• A) 3 calculators at a per-unit price of $30
• B) 3 calculators at a per-unit price of $40
• C) 6 calculators at a per-unit price of $30
• D) 6 calculators at a per-unit price of $40

---

Definitions:

Eighth Grade

An educational level typically attended by students aged 13-14, marking the end of middle school in many education systems.

Working Memory Span

The capacity of working memory, indicating the amount of information one can hold and manipulate in mind for short periods.

3-Year-Old

A reference to children around the age of three, often used in developmental psychology to discuss milestones and behavioral patterns.

Syntax

The set of rules, principles, and processes that govern the structure of sentences in a given language, especially in terms of word order and punctuation.