Based on the figure above, as a result of international trade, consumer surplus
A) increases by $150 million.
B) decreases by $150 million.
C) increases by $90 million.
D) decreases by $90 million.
E) remains unchanged.
A
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When the production of a worker is relatively easily observable, the firm can pay a piece-rate
Indicate whether the statement is true or false
In contrast to the structural deficit, the cyclical deficit reflects
A. Changes in discretionary fiscal policy. B. Fluctuations in economic activity. C. Fiscal policy decisions. D. Changes in the "full-employment" deficit.
When a market is in equilibrium:
a. there is a downward pressure on the price. b. quantity demanded is equal to quantity supplied. c. there is excess supply in the market. d. quantity demanded exceeds quantity supplied.
Suppose that in a country people gain more confidence in the banking system and so hold relatively less currency and more deposits. As a result, bank reserves will
a. decrease and the money supply will eventually decrease. b. decrease and the money supply will eventually increase. c. increase and the money supply will eventually decrease. d. increase and the money supply will eventually increase.