Author Question: When a nation exports a good, its consumer surplus ________, and its producer surplus ________. ... (Read 172 times)

drink

  • Hero Member
  • *****
  • Posts: 554
When a nation exports a good, its consumer surplus ________, and its producer surplus ________.
 
  A) increases; increases
  B) decreases; decreases
  C) increases; decreases
  D) decreases; increases
  E) does not change; increases

Question 2

The figure above illustrates the gasoline market. There is no external benefit from gasoline. If a tax on gasoline is imposed as shown in the figure, then the total tax revenue earned by the government equals
 
  A) 24 million.
  B) 16 million.
  C) 8 million.
  D) more than 24 million.
  E) less than 8 million.


babybsemail

  • Sr. Member
  • ****
  • Posts: 304
Answer to Question 1

D

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

For a complete list of videos, visit our video library