When a domestic country exports goods to and imports goods from a foreign country, in the short run domestic:
A) producers in the exporting industry may be better off.
B) consumers of the imported good may be worse off.
C) consumers of the exported good may be better off.
D) producers in the importing industry are better off.
Ans: A) producers in the exporting industry may be better off.
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Which of the following is not a characteristic of a competitive market?
A. A large number of buyers and sellers. B. Firms can enter and exit the market freely. C. Firms sell differentiated products. D. All market participants have full information about cost and prices.
A country's saving is greater than its domestic investment. This difference means that its
a. net capital outflow and net exports are positive. b. net capital outflow and net exports are negative. c. net capital outflow is positive and net exports are negative. d. net capital outflow is negative and net exports are positive.