The more inelastic the schedule, the greater the percentage of the tax that is borne on the other side of the market

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.

A sharp reduction in the U.S. debt-GDP ratio occurred

A) between 1998 and 2001 . B) between 1996 and 1997. C) between 1994 and 1995. D) between 1993 and 1995.