Trade is often restricted because the
A) gain per producer is larger than the loss per consumer.
B) total gain to all producers is larger than the total loss to all consumers.
C) gain per producer is less than the loss per consumer.
D) total gain to all producers is smaller than the total loss to all consumers.
E) gain per consumer is larger than the loss per producer.
A
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A decrease in the amount of human capital acquired by workers will lead to decrease in the supply of labor
Indicate whether the statement is true or false
The gravity model suggests that over time
A) trade between neighboring countries will increase. B) trade between all countries will increase. C) world trade will eventually be swallowed by a black hole. D) trade between Earth and other planets will become important. E) the value of trade between two countries will be proportional to the product of the two countries' GDP.