When a nation exports a good, its ________ surplus decreases and its ________ surplus increases.

Name: When a nation exports a good, its ________ surplus decreases and its ________ surplus increases.
Brand: Quizplus
Rating: 4.9 (46 reviews)

Question

Quizplus · Accepted Answer

When a nation exports a good, domestic consumers face higher prices, reducing consumer surplus, while the overall gains from trade increase total surplus.

When a Nation Exports a Good, Its ________ Surplus Decreases