When a country exports a good, the country's producer surplus ...

[Jipu 123]

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.

[tsternbergh47]

Answer to Question 1

C

Answer to Question 2

A