Compared to the no-trade situation, if the United States imports video games,
a. the price of video games will decline in the domestic market.
b. domestic video game producers will be able to charge higher prices.
c. domestic video game producers will expand both output and employment.
d. U.S. consumers will be harmed.
A
You might also like to view...
The table above shows the exchange rates between various currencies and the U.S. dollar. Between 2015 and 2016, the Euro ________ against the U.S. dollar, the U.S. dollar ________ against the Japanese yen and the U.S
dollar ________ against the Canadian dollar A) depreciated, appreciated, appreciated B) depreciated, depreciated, appreciated C) appreciated, appreciated, appreciated D) appreciated, depreciated, depreciated
Other things equal, trademarks and brand names:
A. increase the interest-rate cost of funds used to finance R&D expenditures. B. decrease the interest-rate cost of funds used to finance R&D expenditures. C. decrease the expected rate of return on R&D expenditures. D. increase the expected rate of return on R&D expenditures.