The following figure shows the free-trade production and consumption in Country Y. AB is the production-possibility curve of Country Y. I1 is the community indifference curve of Country Y. Country Y exports

A. seventy pounds of cheese.
B. fifty gallons of wine.
C. fifty pounds of cheese.
D. ninety gallons of wine.

Answer: C

Economics

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Answer the following statement true (T) or false (F)

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Keynesian economics focuses on:

A. both the long run and the short run. B. the long run. C. the short run. D. neither the long run nor the short run.

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