Table 34-4

-Table 34-4 presents the demand and supply schedules for television sets in Japan and the United States.If the United States and Japan trade with each other, what will happen to the output of television sets in the United States?

Question

Table 34-4
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-Table 34-4 presents the demand and supply schedules for television sets in Japan and the United States.If the United States and Japan trade with each other, what will happen to the output of television sets in the United States?

Quizplus · Accepted Answer

Without the specific data from Table 34-4, the general principle in international trade is that if a country imports a good, such as television sets, domestic production typically decreases because imports can satisfy some of the demand that domestic production used to meet. Therefore, if the United States imports TVs from Japan, it's logical to conclude that U.S. production would decrease. The specific number (10,000 units) cannot be verified without the data from the table, but this choice aligns with the general outcome of increased imports.

Table 34-4 ​

Table 34-4