When a country allows international trade and becomes an exporter of a good,
a. domestic producers of the good become better off.
b. domestic consumers of the good become worse off.
c. the gains of the winners exceed the losses of the losers.
d. All of the above are correct.
d
Economics
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According to the life-cycle hypothesis, if the average person expects to live another 48 years, the short-run MPC out of unexpected changes in income is
A) 0.52. B) 0.48. C) 0.9792. D) 0.0208.
Economics
Refer to the diagram for a monopolistically competitive firm in short-run equilibrium. This firm will realize an economic:
A. loss of $320.
B. profit of $480.
C. profit of $280.
D. profit of $600.
Economics