Refer to the figure below to answer the following questions.
Figure 7.2.1
The figure shows the market for shirts in Canada, where D is the domestic demand curve and S is the domestic supply curve. The world price is $20 per shirt.
-In Figure 7.2.1, international trade ________ total surplus in Canada by ________.
Definitions:
Du Pont Identity
A framework for analyzing a company's return on equity (ROE) by breaking it into three key components: profit margin, asset turnover, and financial leverage.
Equity Multiplier
A financial ratio indicating the portion of a company’s assets that are financed by stockholder's equity.
Quick Ratio
A measure of a company's ability to meet its short-term obligations with its most liquid assets.
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