Suppose $1 = 10.5 pesos in New York and $1 = 9.6 pesos in Mexico City.If you had $10,000 using arbitrage, your profits would be:

After a tax is imposed, a. consumers pay a higher price

b. consumers lose consumer surplus. c. producers lose producer surplus. d. all of the above are true.

If the United States wants to regain ownership of domestic assets sold to foreigners, it will have to:

A. Increase domestic consumption B. Increase its national debt C. Export more than it imports D. Import more than it exports