When a country abandons a no-trade policy, adopts a free-trade policy, and becomes an exporter of a particular good,
a. producer surplus increases and total surplus increases in the market for that good.
b. producer surplus increases and total surplus decreases in the market for that good.
c. producer surplus decreases and total surplus increases in the market for that good.
d. producer surplus decreases and total surplus decreases in the market for that good.
a
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A macroeconomic surplus occurs when consumers reduce their consumption expenditures and increase their saving
a. True b. False Indicate whether the statement is true or false
The dollar is said to appreciate against the euro if
a. the exchange rate falls. Other things the same, it will cost fewer euros to buy U.S. goods. b. the exchange rate falls. Other things the same, it will cost more euros to buy U.S. goods. c. the exchange rate rises. Other things the same, it will cost fewer euros to buy U.S. goods. d. the exchange rate rises. Other things the same, it will cost more euros to buy U.S. goods.
Which of the followings statements is true?
A. The title of a research paper should be mentioned only in the introduction section. B. The title page should not include any other information except the title of the research paper. C. Graphs and tables should be included in the main body only. D. All equations should begin on a new line and should be numbered consecutively.
People participate in international trade basically because:
A) they are better off by doing so. B) they must. C) it makes other countries better off. D) they prefer to share their income with people in other countries.