Figure 9-1 ​

question 45

Multiple Choice

Figure 9-1
​
Uganda

-Refer to Figure 9-1. Relative to the no-trade situation, trade with the rest of the world results in

• A)Ugandan consumers paying a higher price for coffee.
• B)a decrease in producer surplus in Uganda.
• C)a decrease in total surplus in Uganda.
• D)an increase in consumer surplus.

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Definitions:

Transactions

The actions conducted between parties to buy, sell, or exchange goods, services, or financial instruments, typically recorded and mediated through various means.

Digital Communication

The transmission of information using digital technologies and media platforms, such as email, social media, and mobile applications.