Answer:
The correct answer is option c.
Explanation:
The world price of a ton of steel is $650.
During the autarky, the price of steel in Russia was $1,000.
After the trade, the price fell to $650. This means that Russia started importing steel from other countries where it was cheaper. This caused the price of steel in Russia to fall to the level of the world price.
This happens because at price $1,000 consumers will purchase from foreign producers. This will reduce the demand for domestic producers. This decrease in demand will shift the demand curve to the left such that the price falls to $650.
There are three major themes that nearly all social theories have sought to address, they are as follows:
1. What is the nature of the individual and what are the capacities of the individual to act in the context of the society?
2. What is the basis for social order, that is, what is it that holds the society together?
3. What are the conditions under which the societies change?
