When a Country Allows Trade and Becomes an Importer of a Good

question 18

Multiple Choice

When a country allows trade and becomes an importer of a good,

• A)consumer surplus and producer surplus both increase.
• B)consumer surplus and producer surplus both decrease.
• C)consumer surplus increases and producer surplus decreases.
• D)consumer surplus decreases and producer surplus increases.

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Definitions:

Bicuspid Valve

Also known as the mitral valve, it is a valve in the heart between the left atrium and left ventricle that allows blood to flow one way only, from the atrium into the ventricle.

Vein

A blood vessel that carries blood toward the heart.

Automated External Defibrillator

A portable device that delivers an electric shock through the chest to the heart to stop an irregular heart rhythm and allow a normal rhythm to resume during sudden cardiac arrest.

Abbreviation

A pared-down form of a word or phrase.