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:

Herzberg's Two-Factor Theory

Herzberg's Two-Factor Theory posits that job satisfaction and dissatisfaction arise from two different sets of factors – motivation factors and hygiene factors.

Job Enrichment

The upgrading of a job that makes it more interesting, meaningful, or rewarding and provides long-term motivation.

High Achievement

The attainment of superior levels of performance or accomplishment, often exceeding common standards.

Valence

The value a person places on a reward.