This graph demonstrates the domestic demand and supply for a good, as well as the world price for that good.According to the graph shown, if this economy were an autarky, producers would enjoy area:

A. ABC.
B. H.
C. HDE.
D. A.

Answer: C

Economics

You might also like to view...

In the IS-LM model, the two variables that are affected by the interest rate are

a. money supply and money demand. b. money supply and investment spending. c. money demand and consumption. d. money demand and investment spending. e. none of the above.

Economics

As a consumer moves rightward along an indifference curve, the

A) consumer remains indifferent among the different combinations of goods. B) consumer generally prefers the combinations of goods farther rightward along the indifference curve. C) income required to buy the combinations of the goods always increases. D) relative price of both goods falls.

Economics