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    Principles of Macroeconomics Study Set 8
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    Exam 9: Application International Trade: The Winners and Losers From Trade
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    Figure 9-8
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Figure 9-8

Question 156

Question 156

Multiple Choice

Figure 9-8.On the diagram below,Q represents the quantity of cars and P represents the price of cars. Figure 9-8.On the diagram below,Q represents the quantity of cars and P represents the price of cars.   -Refer to Figure 9-8.When the country for which the figure is drawn allows international trade in cars, A) consumer surplus increases by the area B. B) producer surplus decreases by the area B + D. C) total surplus increases by the area D. D) All of the above are correct.
-Refer to Figure 9-8.When the country for which the figure is drawn allows international trade in cars,


A) consumer surplus increases by the area B.
B) producer surplus decreases by the area B + D.
C) total surplus increases by the area D.
D) All of the above are correct.

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