When a country that exported a particular good abandons a free-trade policy and adopts a no-trade policy,
a. producer surplus increases and total surplus increases in the market for that good.
b. producer surplus increases and total surplus decreases in the market for that good.
c. producer surplus decreases and total surplus increases in the market for that good.
d. producer surplus decreases and total surplus decreases in the market for that good.
d
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Which of the following is included in the demand for dollars in the market for foreign-currency exchange in the open-economy macroeconomic model?
a. a company in Canada wants to buy oranges from the U.S b. a Japanese banks want to buy bonds from the U.S. government c. a U.S. citizen wants to buy stock a German company is selling d. None of the above is correct.
Based on the fertility-rate calculations for major industrialized countries, their populations are expected to decline significantly in the coming years because the:
A. Total fertility rate is higher than the replacement rate B. Total fertility rate is below the replacement rate C. Fertility rate and the replacement rate are about equal D. Fertility rate divided by the replacement rate is greater than one