When Canada buys lemons from Mexico instead of growing lemons in heated greenhouses:
A. Canadian consumers will gain because lemon prices will drop.
B. Canadian lemon producers will gain because lemon prices will drop.
C. Canadian consumers will gain because lemon prices will rise.
D. Mexican lemon producers will lose because lemon prices in Canada will rise.
Answer: A
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Refer to Table 4-7. The equations above describe the demand and supply for Pauline's Pickled Pomegranates. The equilibrium price and quantity for Pauline's Pickled Pomegranates are $30 and 15 thousand units
What is the value of consumer surplus? A) $50 thousand B) $112.5 thousand C) $225 thousand D) $337.5 thousand
Suppose two countries, A and B, are at war with each other. Country A is very wealthy; country B is very poor. The XYZ Co produces tanks
Is XYZ able to set a different price for the tank sold to country A than the price for the tank sold to country B? Explain.
The combined incomes of Walmart, ExxonMobil and Chevron total more than the GDP of:
a. Belgium b. Denmark c. Ireland d. all of these
Given the current structure of health-care finance, which of the following is most likely to occur when the baby boom generation begins to retire and the elderly population increases rapidly during the years following 2010?
a. The demand for health-care services will decrease. b. The prices of health-care services will grow less rapidly than has been the case during the last three decades. c. The real (adjusted for inflation) expenditures on Medicare and the taxes to finance the program will tend to decline. d. The health-care inflation and spending growth of recent decades will continue or even accelerate.