How do imports affect sellers' producer surplus?
What will be an ideal response?
Producer surplus decreases. It decreases because imports lower the price of the good being imported, so sellers produce less of the good and hence their producer surplus decreases.
Economics
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A rise in MPC makes the total expenditures (TE) curve __________ and __________ the multiplier
A) steeper; raises B) steeper; lowers C) flatter; raises D) flatter; lowers
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Unlike the New York Stock Exchange, NASDAQ is an electronic stock market with trades executed through a sophisticated computer and telecommunications network.
Answer the following statement true (T) or false (F)
Economics