When a Nation Imports a Good,its Consumer Surplus ________,And Its

question 14

Multiple Choice

When a nation imports a good,its consumer surplus ________,and its producer surplus ________.

• A) increases; increases
• B) decreases; decreases
• C) increases; decreases
• D) decreases; increases
• E) does not change; increases

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Definitions:

Add

In mathematical terms, to combine or unite numbers or quantities to get a sum.

Simp

Informal slang, sometimes negative, referring to someone overly subservient to someone else without reciprocation, or excessively valuing someone who does not value them in return.

Conj

A shortened term for conjunction, referring to a compound sentence formed with the word "and" to connect clauses, propositions, or terms.

Simp

Slang term used to describe an individual who overvalues someone else, typically someone they are attracted to, often to the extent of debasing themselves.