(Scenario: Freedonian Exports) in the Small Country of Freedonia, the Domestic

question 62

Multiple Choice

(Scenario: Freedonian Exports) In the small country of Freedonia, the domestic demand for widgets is represented by P = 100 - 3Q; the domestic supply of widgets is represented by P = 1Q. Now suppose that Freedonia engages in international trade in widgets. The world price is $40. How many widgets will be consumed domestically and how many will be exported?

• A) It will consume 20 domestically and export 20.
• B) It will consume 20 domestically and export 40.
• C) It will consume 40 domestically and export 20.
• D) It will consume zero domestically and export 20.

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A type of care and philosophy that focuses on the palliation of a chronically ill or terminally ill patient's pain and symptoms, and attending to their emotional and spiritual needs.

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