Multiple Choice
Which of the following is correct?
i.U.S.total surplus decreases when the United States exports a good.
ii.U.S.total surplus decreases when the United States imports a good.
iii.U.S.total surplus increases when the United States imports a good and when it exports a good.
A) i only
B) iii only
C) i and ii
D) ii only
E) None of the above because the U.S. total surplus does not change as a result of trade
Correct Answer:

Verified
Correct Answer:
Verified
Q47: Because wage rates are so low in
Q243: Which of the following chain of events
Q244: Comparing developed and developing nations in their
Q245: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -The above figure
Q246: If you buy a DVD player produced
Q248: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -The above figure
Q249: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -The figure above
Q250: The imposition of a quota _ domestic
Q251: When the United States imposes a tariff
Q252: Suppose the world price of widgets is