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  1. Topics
  2. Business
  3. Principles of Macroeconomics Study Set 5
  4. Quiz 15: Exchange Rates and the Open Economy

Refer to the Above Table

Question 90
Multiple Choice

Refer to the above table.At what price will there be neither exports nor imports? A) $9.00. B) $8.00. C) $7.00. D) $6.00. E) There is no price at which there will be neither exports nor imports.

Related questions
Q 91
Refer to the above table.At what price will exports be equal to 100 units? A) $9.00. B) $8.00. C) $7.00. D) $6.00. E) There is no price at which exports will be equal to 100 units.
Q 92
Refer to the diagram above showing the domestic demand and supply curves for a specific product in a hypothetical nation called Zancuzi.When the world price for this product is $0.50,Zancuzi will have A) a domestic shortage of 200 units. B) a domestic surplus of 200 units. C) a domestic shortage of 400 units. D) neither a domestic surplus nor a domestic shortage. E) a domestic surplus of 300 units.
Q 93
Refer to the diagram above showing the domestic demand and supply curves for a specific product in a hypothetical nation called Zancuzi.At what price will there be neither imports nor exports? A) $1.00. B) $1.50. C) $2.00. D) $2.50. E) $3.50.
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