In the figure above, international trade ________ total surplus in the United States by ________

A) increases; $1.92 billion
B) decreases; $2.56 billion
C) increases; $4.8 billion
D) decreases; $3.6 billion

A

Economics

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Which one of the following is a way to get out of a repeated Prisoner's Dilemma Nash Equilibrium?

a. Do not be provoked b. Do not be easily provoked c. Be easily provoked d. All of the above

Economics

If the U.S. imposes a quota on cotton, then

a. both exports and imports of other goods will rise. b. exports of other goods will rise and imports of other goods will fall. c. exports of other goods will fall and imports of other goods will rise. d. both imports and exports of other goods will fall.

Economics