When the United States exports a good, the amount of the ________ in U.S. consumer surplus is ________ the amount of the ________ in U.S. producer surplus.

Question

Quizplus · Accepted Answer

When the U.S. exports a good, domestic consumers face higher prices, leading to a decrease in consumer surplus. However, producers benefit from higher prices and increased sales, resulting in a larger increase in producer surplus compared to the decrease in consumer surplus.

When the United States Exports a Good, the Amount of the ________