Multiple Choice
When Canada exports a good,Canada's consumer surplus ________ and Canada's total surplus ________.
A) increases;increases
B) increases;decreases
C) increases;increases or decreases depending on the change in producer surplus
D) decreases;decreases
E) decreases and Canada's producer surplus increases;does not change
Correct Answer:

Verified
Correct Answer:
Verified
Q19: Refer to the figure below to answer
Q20: If Canada imposes a tariff on imported
Q21: A Canadian tariff imposed on items that
Q22: A country moves from a situation of
Q23: The gains from free trade are enjoyed
Q25: Use the information below to answer the
Q26: Prior to international trade,if the price of
Q27: Refer to the figure below to answer
Q28: Which of the following statements about Canada's
Q29: Import quotas<br>A)are the same as tariffs.<br>B)are not