Trade theory suggests that Japan would gain from a subsidy the United States provides its grain farmers if the gains to Japanese consumers of wheat products more than offsets the losses to Japanese wheat farmers. This would occur as long as Japan

A) is a net importer in bilateral trade flows with the United States.
B) is a net importer of wheat.
C) has a comparative advantage in wheat.
D) has an absolute advantage in producing wheat.
E) is involved in intra-industry trade with the United States.

B

Economics

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Short-run equilibrium occurs at the intersection of

A) the SAS and AD curves. B) the SAS, LAS, and AD curves. C) the SAS and LAS curves. D) the LAS and AD curves.

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Between 1972 and 1999, the majority of loans to HIPC countries went to regimes considered "not free," and between 1985 and 1995, to places that were considered "corrupt" by international organizations

Indicate whether the statement is true or false

Economics