"Gross Investment spending" refers exclusively to purchases of plant and equipment by businesses and net changes in business inventories

The United States imports t-shirts because

A) it is a dangerous job to produce them. B) the United States has a lower opportunity cost of production. C) the United States must import goods and services from other countries so that they can develop economically. D) foreign economies have an absolute advantage in their production. E) foreign nations have a lower opportunity cost of production.

Refer to the figure above. How many chairs were imported by Lithasia before the tariff was imposed by the government?

A) 25 units B) 50 units C) 55 units D) 60 units