United States. The based on the folowing garbs mens ainsinsaush Koreaand ee exch

Question

United States. The based on the folowing garbs mens ainsinsaush Koreaand ee exchauw mte is 1200 won equals SI 00. South Korea Quantty of Mans Quantity of Mon Shins under the market conditions shown in gaple. A. the United States lends to export men's shirts to South Korea. The price inthe Uniod B sures but rises in South Korea. produtin the United States imports alofts men's shits and cutak domesti sures av he srph curve for men's shirts C the demand curve mens sits in the in two markets equaliw. South Korea both shit to the lef and prices D. the South Koream introduce a tarilon imported mens sits keep eutUS goods. E the United States tends to import man's shits fom South Korea rather than evport mons shirts to it.

Explanation / Answer

E. The United States tends to import men's shirts from South Korea rather than export men's shirt to it. Because at price of $ 30, there is excess demand of shirt in US while there is excess supply in the South Korea.

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