If Freedonia Changes Its Laws to Allow International Trade in Software

question 55

Multiple Choice

If Freedonia changes its laws to allow international trade in software and the world price is higher than its domestic price,then it must be the case that

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

---

Definitions:

Team Leadership Model

A framework for understanding how leadership can effectively influence team dynamics, performance, and goal achievement.

Complexity

A characteristic of systems, organizations, or problems that have multiple components which interact in various and unpredictable ways, making them difficult to understand or manage.

Cognitive Guide

A framework or tool designed to support decision-making processes by offering structured mental approaches to analyze and solve problems.

Shared Leadership Model

A leadership approach where leadership roles are distributed within a group or team, allowing members to share responsibility and make decisions collaboratively.