Chapter 9 Questions

1. If you allow imports into your country what will happen?

a.What happens to the supply curve?

b. New quantity sold

c. Who will be happy?

d. Who will be sad?

e. Is more value created when you allow imports?

f. can you answer these questions with a graph?

2. If you allow exports out your country what will happen?

a.What happens to the demand curve?

b. New quantity sold

c. Who will be happy?

d. Who will be sad?

e. Is more value created when you allow exports? 

f. can you answer these questions with a graph?