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

question 88

Multiple Choice

When a country allows trade and becomes an exporter of a good, consumer surplus:

• A)and producer surplus will increase
• B)and producer surplus will decrease
• C)will increase and producer surplus will decrease
• D)will decrease and producer surplus will increase

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Definitions:

MiFi

A small, portable wireless device that provides a personal hotspot and connects to cellular networks to offer internet access to connected devices.

WiMAX

WiMAX is a wireless communication standard designed to provide high-speed broadband access over longer distances than traditional Wi-Fi.

Analog Signals

Continuous signals that vary over time and can represent variations in physical phenomena, such as sound or light.

Cellular Networks

Communication networks where the last link is wireless, organized into a large number of small geographical areas called cells.