Compared to the situation before international trade, after the United States imports a good production in the United States ________ and consumption in the United States ________.
A) increases; increases
B) increases; decreases
C) decreases; increases
D) decreases; decreases
Correct Answer:
Verified
Q11: The United States has a comparative advantage
Q12: With international trade, a country will export
Q14: Who benefits from imports?
A) domestic consumers
B) domestic
Q15: The United States has a comparative advantage
Q17: The gains from trade that are possible
Q18: Which of the following is CORRECT?
A) Both
Q19: The goods and services that our country
Q20: Compared to the situation before international trade,
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