A Country Opens Up to Trade and Becomes an Importer

question 18

Multiple Choice

A country opens up to trade and becomes an importer of some good.Consumer surplus ________,producer surplus ________,and total surplus ________.

• A)increases;decreases;decreases
• B)decreases;decreases;decreases
• C)decreases;increases;increases
• D)increases;increases;increases
• E)increases;decreases;increases

---

Definitions:

Ideological

Relating to or being based on a set of beliefs, ideas, or ideals that dictate the outlook, principles, and way of life of an individual or group.

Empirical

Based on observation or experience rather than theory or pure logic.

Sentencing Commission

A governmental body tasked with developing sentencing guidelines, policies, and practices to ensure fair and consistent sentencing in the legal system.

Lengthy Sentences

Extended periods of incarceration given to individuals as punishment for committing crimes.