-The producer surplus lost by moving from autarky to free trade is represented by:
A) a.
B) b.
C) c.
D) d
E) none of the above

Question

-The producer surplus lost by moving from autarky to free trade is represented by:
A) a. 
B) b. 
C) c. 
D) d 
E) none of the above

Quizplus · Accepted Answer

Producer surplus lost by moving from autarky to free trade cannot be determined without a specific graph or context showing areas labeled as a, b, c, or d. Producer surplus generally refers to the difference between what producers are willing to accept for a good versus what they actually receive. The impact of moving to free trade on producer surplus varies depending on the market structure and the country's position as a net exporter or importer of the good in question.

-The Producer Surplus Lost by Moving from Autarky to Free