Refer to Figure 20.4. The domestic price of a leather wallet is $20. With free trade the price of a leather wallet is $10 and after a tariff is imposed the price is $15. If there is free trade, this country will ________ 200 leather wallets.

A) buy
B) sell
C) import
D) export

Leather Wallets

Small, foldable cases often made of leather used for holding personal items such as cash, credit cards, and identification documents.

Domestic Price

The price of goods or services within a country's borders, as opposed to the price of those goods or services in international markets.

Free Trade

An economic policy that allows imports and exports with little to no barriers like tariffs, quotas, or subsidies.