When a nation exports a good, its ________ surplus increases, and when it imports a good, its ________ surplus increases

A) total; total
B) consumer; consumer
C) producer; producer
D) producer; consumer
E) total; consumer


A

Economics

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Which of the following statements is true?

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Economics

What effect does a price hike have on the total revenue of the producers?

What will be an ideal response?

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Facing stiff competition, Hendrix College, a small liberal arts institution in Conway, Ark

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Economics

Some people think it's unfair that celebrities like Kim Kardashian earn a lot more than people who add so much more value to society, like teachers. What do you think explains this wage differential?

What will be an ideal response?

Economics