1 consumer surplus hellip when international trade is open, Ask an Expert

Economics

1. Consumer surplus ….. when international trade is open as compared with a closed economy:

a. Increases

b. Decreases

2. Free international export and imports have a net benefit for:

a. Exporter and importer countries

b. Only exporting nations

c. Only consumers

d. producers

3. Which is steeper when it rises and steeper when it falls

a. AVC

b. AFC

c. MC

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91424457

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