When a Nation Exports a Good or Service, the Nation's

question 38

Multiple Choice

When a nation exports a good or service, the nation's consumer surplus ________, its producer surplus ________, and its total surplus ________.

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

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Definitions:

Employment Benefits

Forms of value, other than payment, that are provided to the employee in return for their contribution to the organization, such as health insurance, paid vacation, and retirement plans.

Form a Corporation

The legal process of creating a corporate entity, recognized by law as separate from its owners with its own rights and liabilities.

Defective Incorporation

A situation where a company has not completed its incorporation process correctly resulting in potential legal and financial liabilities for its purported directors and shareholders.

Promoter

An individual or entity that initiates the formation of a company or organization and helps it to set up by raising the required funds or fulfilling the legal requirements.