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Trey4sho Trey4sho
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A year ago
The Gains and Losses to an Exporting Country

The graph shows the market for Swiss chocolates in Switzerland.
 

Assume that P1=$4.00, P2=$5.00, P3=$8.25, P4=$14.75, Q1=75, Q2=105, and Q3=300. With international trade, producers in Switzerland produce ________ chocolates at a price of ________.  ________ chocolates are sold at home and ________ chocolates are sold abroad. In Switzerland, ________ gain and ________ lose.

▸ 75, $8.25, 300, 75, consumers, producers

▸ 75, $5.00, 300, 75, producers, consumers

▸ 300, $8.25, 75, 225, producers, consumers

▸ 300, $5.00, 75, 225, consumers, producers
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Macroeconomics

Macroeconomics


Edition: 3rd
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KFordKFord
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A year ago
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Trey4sho Author
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A year ago
Just got PERFECT on my quiz
vernonb
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You make an excellent tutor!
mikeh209
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Thanks
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