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Author Question: Suppose a nation opens up to free trade and becomes an exporter of goods. Which of the following is ... (Read 164 times)

yoroshambo

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on: Jun 29, 2018
Suppose a nation opens up to free trade and becomes an exporter of goods. Which of the following is then true?
 
  A) The nation as a whole suffers losses.
  B) Sellers lose.
  C) Buyers lose.
  D) Buyers gain.

Question 2

Other things constant, if tuition at a private university rises from 40,000 to 45,000 and revenue for the university decreases, the demand for the good must be
 
  A) increasing.
  B) inelastic.
  C) unit elastic.
  D) elastic.


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janeli1

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


yoroshambo

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

Dnite

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

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