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20 Mar 2018
49) The closed economy, with equilibrium at P = 50 and Q = 30, opens up to trade when the world price of the good is given by Pw = 30. This country will, under free trade, produce , consume and import A) 10; 50; 40. B) 20; 40; 20. C) 10; 40; 30. D) 20, 50; 30. E) 30; 30; 0.
49) The closed economy, with equilibrium at P = 50 and Q = 30, opens up to trade when the world price of the good is given by Pw = 30. This country will, under free trade, produce , consume and import A) 10; 50; 40. B) 20; 40; 20. C) 10; 40; 30. D) 20, 50; 30. E) 30; 30; 0.
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