If an Import-Competing Firm Is the Only Domestic Producer of a Good,then

question 47

Multiple Choice

If an import-competing firm is the only domestic producer of a good,then a transition from autarky to free trade will ________ domestic price,________ producer surplus,________ consumer surplus,and ________ overall domestic national welfare.

• A) decrease; decrease; increase; increase
• B) increase; increase; increase; increase
• C) decrease; decrease; decrease; decrease
• D) increase; increase; decrease; decrease
• E) increase; increase; decrease; increase

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Definitions:

Self-Esteem

A measure of how much you value, respect, and feel confident about yourself.

Tend And Befriend

A theory suggesting that in response to stress, individuals, particularly females, are predisposed to nurturing and forming social alliances.

Secondary Sex Characteristics

Features that appear during puberty but are not directly involved in reproduction, such as breast development in females and facial hair in males.

X Chromosome

One of the two sex chromosomes, playing a crucial role in determining genetic sex and carrying genes for many non-sex related traits.