Figure 9-18.On the diagram below,Q represents the quantity of peaches and P represents the price of peaches.The domestic country is Isoland.
-Refer to Figure 9-18.If Isoland allows international trade and if the world price of peaches is $3,then
A)Isoland has a comparative advantage,relative to other countries,in producing peaches.
B)Isoland will export peaches.
C)producer surplus with trade exceeds producer surplus without trade.
D)consumer surplus with trade exceeds consumer surplus without trade.

Question

Figure 9-18.On the diagram below,Q represents the quantity of peaches and P represents the price of peaches.The domestic country is Isoland. 
-Refer to Figure 9-18.If Isoland allows international trade and if the world price of peaches is $3,then
A)Isoland has a comparative advantage,relative to other countries,in producing peaches. 
B)Isoland will export peaches. 
C)producer surplus with trade exceeds producer surplus without trade. 
D)consumer surplus with trade exceeds consumer surplus without trade.

Quizplus · Accepted Answer

The Answer of Figure 9-18.On the diagram below,Q represents the quantity of peaches and P represents the price of peaches.The domestic country is Isoland. 
-Refer to Figure 9-18.If Isoland allows international trade and if the world price of peaches is $3,then
A)Isoland has a comparative advantage,relative to other countries,in producing peaches. 
B)Isoland will export peaches. 
C)producer surplus with trade exceeds producer surplus without trade. 
D)consumer surplus with trade exceeds consumer surplus without trade.