Trade is often restricted because the
A) gain per producer is larger than the loss per consumer.
B) total gain to all producers is larger than the total loss to all consumers.
C) gain per producer is less than the loss per consumer.
D) total gain to all producers is smaller than the total loss to all consumers.
E) gain per consumer is larger than the loss per producer.
A
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If government spending is $900 billion while government revenue is $600 billion, the government is said to have a
A) $600 billion budget deficit. B) $1,500 billion budget deficit. C) $300 billion budget deficit. D) $300 billion budget surplus.
The price of iPhones has fallen dramatically. Which of the following is likely to happen?
A) The quantity of iPhones supplied will increase. B) The supply of iPhones will increase. C) The quantity of iPhones supplied will decrease. D) The supply of iPhones will decrease.
U.S. net capital outflow
a. is a source of the supply of loanable funds, and the source of the supply of dollars in the foreign exchange market. b. is a source of the supply of loanable funds, and a source of the demand for dollars in the foreign exchange market. c. is a part of the demand for loanable funds, and the source of the supply of dollars in the foreign exchange market. d. is a part of the demand for loanable funds, and a source of the demand for dollars in the foreign exchange market.
The development of additive manufacturing technology (3-D printers) is expected to lower prices by doing which of the following?
A. Reducing the cost of producing blueprints for manufactured goods. B. Promoting greater economies of scale in manufacturing. C. Reducing the demand for manufactured goods. D. Reducing both large fixed set-up costs and transportation costs.