Existing loopholes erode the progressivity of the U.S. tax system

If a firm finds that increases in output lead to increases in long-run average total cost, then it must be experiencing _________ which could be caused by ___________

Fill in the blank(s) with the appropriate word(s).

If the foreign import demand curve intersects the home country's export supply curve in its horizontal portion, then:

a. the home country will suffer a loss from international trade. b. the home country will not gain from trade. c. the home country will gain from trade. d. the foreign country will not gain from trade.