If nations such as Germany, Japan, and the United States prohibited international trade in automobiles, a likely effect would be that

a. the price effect would become a more significant consideration for each firm that makes automobiles.
b. the excess of price over marginal cost would become less pronounced in the automobile market.
c. all countries would become better off.
d. automobile producers in the U.S. would collude to produce a large number of cars.

a

Economics

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Refer to Figure 9.7. After the policy, consumer surplus became

A) $0. B) $10. C) $20. D) $20,000. E) $40,000.

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Because a bank pays a lower interest rate on deposits than it charges on loans, it cannot fail

a. True b. False Indicate whether the statement is true or false

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