In the specific factors model, the effects of trade on welfare are ________ for mobile factors, ________ for fixed factors used to produce the exported good, and ________ for fixed factors used to produce the imported good
A) ambiguous; positive; negative
B) ambiguous; negative; positive
C) positive; ambiguous; ambiguous
D) negative; ambiguous; ambiguous
E) positive; positive; positive
A
Economics
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In the above table, dissaving occurs at every level of income below
A) $5,000. B) $7,000. C) $10,000. D) $8,000.
Economics
If a tax generates a reduction in surplus that is exactly offset by the tax revenue collected by the government, the tax does not have a deadweight loss
a. True b. False Indicate whether the statement is true or false
Economics