How are the domestic sellers and buyers of a good affected if a country starts exporting the good?

What will be an ideal response?

If the country starts exporting the good, sellers can sell the good at a higher price than the domestic price. Therefore, sellers gain. On the other hand, buyers have to pay a higher price for the good; therefore, they lose.

Economics

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Why does adverse selection occur in the health insurance market?

What will be an ideal response?

Economics

The largest revenue source in the U.S. federal tax system is the corporate income tax

a. True b. False Indicate whether the statement is true or false

Economics