A Country Opens Up to Trade and Becomes an Exporter

question 49

Multiple Choice

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

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

---

Definitions:

Minutes

Written records of the main points and decisions made during meetings or formal gatherings.

Seven-digit Phone Number

A standard format for telephone numbers that includes a sequence of seven digits, often used in the United States and other countries.

Short-term Memory

The ability to keep a limited amount of data in a readily accessible and active condition for a brief duration.

Sensory

Pertaining to the senses or sensation.