what is the correct answer ? 20. International trade and domestic trade differ because of:a. Different government policiesO b. Trade restrictionsC. Immobility of factorsd. All of the above 17. When a large country imposes an import tariff on good XWorld prices of good X increaseb. Consumer surplus in the large country increases.C. World prices of good X decreaseO d. Domestic production of good X decreases

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20. International trade and domestic trade differ because of: Different government policies b. Trade restrictions O c. Immobility of factors O d. All of the above

Microeconomics A Contemporary Intro

10th Edition

ISBN:9781285635101

Author:MCEACHERN

Publisher:MCEACHERN

Chapter3: Economic Decision Makers

Section: Chapter Questions

Problem 13QFR

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what is the correct answer ?

20. International trade and domestic trade differ because of:
a. Different government policies
O b. Trade restrictions
C. Immobility of factors
d. All of the above

17. When a large country imposes an import tariff on good X
World prices of good X increase
b. Consumer surplus in the large country increases.
C. World prices of good X decrease
O d. Domestic production of good X decreases

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