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Author Question: To an economist, risky options: A) are always bad options. B) are always good options. C) ... (Read 180 times)

jace

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on: Jun 29, 2018
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

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Reply #1 on: Jun 29, 2018
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.


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