Refer to the figure above. If Lithasia does not engage in international trade, what is the domestic production of pens?
A) 0 units
B) 6 units
C) 12 units
D) 16 units
C
Economics
You might also like to view...
After firm A acquired firm B, it raised the prices for the goods produced by both firms. This can increase profits if those goods are
a. Substitutes b. Complements c. Not related d. None of the above
Economics
If the dollar appreciates, it can be said that
a. foreigners respect the United States more. b. it increases in value within the United States. c. other currencies depreciate. d. it takes more dollars to buy foreign currencies.
Economics