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Author Question: Relative to the domestic market without trade, when the country is able to import from abroad at a ... (Read 136 times)

maegan_martin

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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.


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deja

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maegan_martin

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Reply 2 on: Jun 30, 2018
Excellent


Perkypinki

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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