If Belgium exports chocolate to the rest of the world, then Belgian chocolate producers benefit from higher producer surplus, Belgian chocolate consumers are worse off because of lower consumer surplus, and total surplus in Belgium increases because of the exports of chocolate
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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Total utility increases if one more unit of a product is purchased and marginal utility is positive
a. True b. False Indicate whether the statement is true or false
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Contractionary monetary policy shifts the reserve supply schedule inward
a. True b. False Indicate whether the statement is true or false
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