When a country allows trade and becomes an exporter of a good,
a. the gains of the domestic producers of the good exceed the losses of the domestic consumers of the good.
b. the gains of the domestic consumers of the good exceed the losses of the domestic producers of the good.
c. the losses of the domestic producers of the good exceed the gains of the domestic consumers of the good.
d. the losses of the domestic consumers of the good exceed the gains of the domestic producers of the good.
a
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In the figure above, which movement could be the result of an increase in the wages paid to oil workers?
A) point a to point e B) point a to point b C) point a to point c D) point a to point d
Refer to Figure 16-6. Sensei's friend, Marcel, suggests that he charge a one-time membership fee to use the martial arts school, in addition to a per-class charge
Suppose Sensei charges the monopoly price for each class and also imposes a one-time membership fee. What is the maximum amount of revenue from the membership fee he can collect from all his customers? A) an amount equal to the area A + B B) an amount equal to the area H + G C) an amount equal to the area E + F D) an amount equal to the area A + C + H