A television station reports that the price of orange juice has declined but the quantity sold has increased. This situation would be caused by a(n):

Economics is a social science in the sense that it

a. rigorously examines human behavior. b. is not as scientific as physics. c. relies on historical data instead of mathematical data. d. relies on statistics instead of mathematics. e. All of the above are correct.

When a country allows international trade and becomes an importer of a good,

a. domestic producers of the good become better off. b. domestic consumers of the good become worse off. c. the gains of the winners exceed the losses of the losers. d. All of the above are correct.