A country opens up to trade and exports computer chips. In the computer chip market, surplus has been redistributed from
A) consumers to producers.
B) producers to consumers.
C) producers to government.
D) government to consumers.

Question

Quizplus · Accepted Answer

When a country exports computer chips, producers benefit from higher prices and increased sales, while consumers face higher prices, leading to a redistribution of surplus from consumers to producers.

A Country Opens Up to Trade and Exports Computer Chips