When a nation exports a good, its ________ surplus decreases and its ________ surplus increases
A) consumer; total
B) consumer; consumer
C) producer; producer
D) producer; consumer
E) total; consumer
A
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Which is NOT an example of signaling high quality in a social setting
a. wearing a business suit on a job interview b. scrimping on the tip for the waiter after a dinner date c. offering an expensive engagement ring to your bride d. Visiting the beauty salon before a big date
The amount that a firm receives from the sale of goods and services is called:
A. total cost. B. total revenue. C. profit. D. maximum profit.
When shares of stock are sold for more than they are purchased, the difference received by the seller is referred to as:
A. a dividend. B. a capital gain. C. interest. D. economic profit.
Import substitution is the process of developing local industries to manufacture goods to
A. import. B. export. C. replace exports. D. replace imports.