An increase in the price level in the United States will reduce exports and increase imports

Jordan wants to sell her wedding gown for $250, but her cousin Jessica offered her $375 for it. If the gown is sold for $375, what is Jordan's producer's surplus

a. $125 b. $25 c. $625 d. $373 e. $250

Technical superiority can be a source of entry barriers

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