When a nation exports a good,its ________ surplus increases,and when it imports a good,its ________ surplus increases.
A) consumer; producer
B) consumer; consumer
C) producer; producer
D) producer; consumer
E) total; consumer

Question

Quizplus · Accepted Answer

When a nation exports a good, its producer surplus increases as more of the good is being produced and sold. Similarly, when a nation imports a good, its consumer surplus increases as more of the good is available for purchase at a lower price. Thus, the correct choice is D - producer; consumer.

When a Nation Exports a Good,its ________ Surplus Increases,and When