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:

SAE J1587/1708 Data Bus

Communication protocols used in the heavy-duty vehicle industry for exchanging electronic information between control units and devices.

Data Connector

The means of connecting an electronic service tool (EST) to a chassis data bus. Data bus connectors can be six-pin (J1587/1708) or the newer nine-pin (J1939) Deutsch black and green connectors. All U.S.-built trucks have a data connector located on the left side of the steering column, either under the dash or to the left side of the driver’s seat.

Weatherpac

A brand of weatherproof connectors used in automotive and other industries to ensure electrical connections remain secure and unaffected by environmental conditions.

Power Line Carrier Multiplexing

A technology that allows for the transmission of data over electric power lines, enabling communication or control signals.