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Table 31.1.1 Glazeland's Doughnut Market

Question 3

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Table 31.1.1
Glazeland's Doughnut Market
Table 31.1.1 Glazeland's Doughnut Market -Table 31.1.1 shows Glazeland's doughnut market before international trade. Glazeland opens up to international trade. If the world price is $0.60, then Glazeland will produce ________ doughnuts and will ________ doughnuts. A) 2 million; import 3 million B) 4 million; import 1 million C) 4 million; export 1 million D) 5 million; import 3 million E) 5 million; export 3 million
-Table 31.1.1 shows Glazeland's doughnut market before international trade. Glazeland opens up to international trade. If the world price is $0.60, then Glazeland will produce ________ doughnuts and will ________ doughnuts.


A) 2 million; import 3 million
B) 4 million; import 1 million
C) 4 million; export 1 million
D) 5 million; import 3 million
E) 5 million; export 3 million

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