When a country exports a good, the country's producer surplus ________, consumer surplus ________, and the country ________ from the trade.
A) increases; increases; gains
B) decreases; increases; gains
C) increases; decreases; gains
D) decreases; decreases; loses
E) increases; decreases; loses
Question 2
According to Adam Smith
A) government intervention in markets is not desirable because an invisible hand leads decisions made in pursuit of self-interest to unintentionally promote the social interest.
B) politicians are well-equipped to regulate corporations and intervene in markets to improve market outcomes.
C) when big corporations pursue their self-interest of maximum profit, they will inevitably conflict with social interest.
D) in a market transaction buyers can either get what they want for less than they would be willing to pay or sellers can earn a profit, but both buyers and sellers can't gain simultaneously.
“Bad,” “neutral,” and “good” mutations.
Gestalt Law of Good Continuation
Good body mechanics for lifting heavy objects.
Carrots are a good source of vitamin A
Energy Use by Different Country Groups
Explain how it can be desirable from an intertemporal perspective for a country run a current ...