× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
1
New Topic  
AlfredDieselGuy AlfredDieselGuy
wrote...
Posts: 576
Rep: 0 0
6 years ago
Relative to the domestic market without trade, when the country is able to import from abroad at a price less than the domestic price, which of the following will NOT occur?
 
  A) The country will be worse off.
  B) CS + PS will increase.
  C) Producer surplus will decrease.
  D) Consumer surplus will increase.



Question 2 - Openness and change in the economic models of India and China have meant for the world economy all of the following EXCEPT
 
  A) hundreds of millions of people have escaped poverty.
  B) many manufactured goods and services have become cheaper.
  C) forced some firms to downsize, offshore or otherwise change business practices.
  D) increased the market power of firms in industrialized countries as they gained most from this evolving trade.
Read 60 times
1 Reply

Related Topics

Replies
wrote...
6 years ago
[ 1 ]  A

[ 2 ]  D
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  888 People Browsing
Related Images
  
 234
  
 547
  
 118
Your Opinion
Do you believe in global warming?
Votes: 488