When a nation begins to export a good,
a. the domestic price of that good falls
b. less of that good is produced domestically
c. the domestic producers are made better off
d. the domestic consumers are made better off
e. both domestic and foreign consumers will purchase more of it
C
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Because of the high cost of fuel, railroads such as Union Pacific Corp and CSX Corp have increased the price they charge to haul freight. This change means that
A) the demand curve for hauling freight has shifted leftward. B) the supply curve for hauling freight has shifted leftward. C) the demand curve for hauling freight has shifted rightward. D) the supply curve for hauling freight has shifted rightward. E) neither the supply curve nor the demand curve for hauling freight has shifted; the only change is that the price is higher.
Which of the following best illustrates moral hazard?
a. After a person obtains life insurance, she takes up skydiving. b. A person obtains insurance knowing he is in poor health. c. A person holds stock only in very risky corporations. d. A person holds stocks from only a few corporations.