An increase in a country's net commodity terms of trade will

A) not always guarantee positive changes in the country's economy.
B) always increase the country's economic welfare.
C) always increase the country's real income.
D) never increase the country's quantity of exports.
E) always increase the country's production of its import competing good.

A

Economics

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Refer to Figure 9.3. If the market is in equilibrium, total consumer and producer surplus is

A) $0. B) $4. C) $5. D) $600. E) $800.

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