Suppose a nation opens up to free trade and becomes an exporter of goods. Which of the following is then true of this nation?
A) The nation as a whole suffers losses.
B) Sellers gain.
C) Buyers gain.
D) Both buyers and sellers gain.
B
Economics
You might also like to view...
Which of the following is NOT a cost of inflation?
A) uncertainty cost B) confusion cost C) tax cost D) unemployment cost E) shoe-leather cost
Economics
Suppose that apples and bananas both cost the same, but the marginal utility of bananas is twice as high as that for apples. The consumer should purchase more bananas and fewer apples in order to maximize utility
a. True b. False Indicate whether the statement is true or false
Economics