Free Trade and Trade Protection (id: a2925bce5)

本题目来源于试卷: Free Trade and Trade Protection，类别为 IB经济学

[单选题]

The above diagram depicts a market for a good in a closed economy. If the economy opens to international trade, and no protectionist measures are enacted, which of the following would most likely occur?

A. A deadweight loss of $xyz$
B. Domestic consumption of 0$Q_3$
C. Export revenue will be $Q_1$$xy$$Q_3$
D. The country will export$Q_2$$Q_3$of the good


参考答案:  C


本题详细解析:

C

$\underset{‾}{\text{Explanation}}$:
Domestic producers' equilibrium price is below the world market price, so they are able to export $Q_1{Q}_3$ at price $P_2$.

Choice A is wrong as $P_2$ is the allocatively efficient world price. Deviating away from it would incur a loss of economic welfare.

Choices B and D are wrong as $Q_1{Q}_3$ is exported.

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