When a tax is imposed on sellers, producer surplus decreases but consumer surplus increases

Leaders that centralize power and decisions in themselves

a. autocratic b. laissez-faire c. democratic d. trait

Which of the following statements, in the context of U.S. exports, is true?

a. The U.S. exports products produced in the low wage industries. b. Primary products account for the largest share of U.S. exports to developed nations. c. The U.S. mainly exports labor intensive goods. d. Most U.S. exports are produced in high-wage industries. e. A bulk of U.S. exports to developing nations comprise of perishable commodities.