Author Question: To an economist, risky options: A) are always bad options. B) are always good options. C) ... (Read 104 times)

jace

  • Hero Member
  • *****
  • Posts: 541
To an economist, risky options:
 
  A) are always bad options.
  B) are always good options.
  C) have costs and benefits fixed in advance.
  D) do not have costs and benefits fixed in advance.

Question 2

How do exports affect sellers' producer surplus?
 
  What will be an ideal response?



princessflame2016

  • Sr. Member
  • ****
  • Posts: 298
Answer to Question 1

D

Answer to Question 2

Producer surplus increases. It increases because exports raise the price of the good being exported, so sellers produce more of the good and hence their producer surplus increases.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

Medication errors are three times higher among children and infants than with adults.

For a complete list of videos, visit our video library