A Country Opens Up to Trade

question 42

Multiple Choice

A country opens up to trade.In an export industry,surplus is redistributed from

• A)consumers to producers.
• B)producers to consumers.
• C)producers to government.
• D)government to consumers.
• E)government to producers.

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Definitions:

Internet Auction Sites

Online platforms where goods and services are sold through a bidding process, with the highest bid typically winning the item.

Greater Penalties

Refers to the imposition of harsher punishments or fines to deter undesirable actions or behavior within a specific context.

Maximum Utility

The highest level of satisfaction or fulfillment a consumer can achieve from the consumption of goods and services, given their income and the prices of those goods and services.

Consumer Buy

This term appears to be incomplete or possibly vague without proper context. Providing a specific definition is challenging without more information.