Imagine Canada has decided to start trading with other countries. Once it allows trade with other nations its economy is importing pineapples, exporting beer, and not importing or exporting tables. What likely happened to consumer surplus in Canada after trade? Question 2 Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. a b It increased for beer and pineapples but unchanged for tables. It increased for all three goods. It decreased for beer, increased for pineapples and is unch ged for tables d It increased for beer, decreased for pineapples and is unchanged for tables.

Imagine Canada has decided to start trading with other countries. Once it allows trade with other nations its economy is importing pineapples, exporting beer, and not importing or exporting tables. What likely happened to consumer surplus in Canada after trade? Question 2 Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. a b It increased for beer and pineapples but unchanged for tables. It increased for all three goods. It decreased for beer, increased for pineapples and is unch ged for tables d It increased for beer, decreased for pineapples and is unchanged for tables.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

20A
You are the manager of a U.S. company situated in Los Angeles and manages the import/export division of the company. The company distributes (resells) a variety of consumer products imported to the U.S.A from Europe and also exports goods manufactured in the U.S.A. to Canada. Therefore, your company is very much dependent an the impact of current and future exchange rates on the performance of the company. Scenario 1: You have to estimate the expected exchange rates between your home currency and the other currencies of the major other countries that you deal with in terms of bath imports and exparts. The reason is that increases in the values of other currencies compared to the U.S. Dollar may impact your imports negatively, whilst it may on the other hand, be good for exports. To do this estimate, you obtain the following spot exchange rate information: €/S CADS/S 0.87616 1.30779 You also obtain the following annual risk free rates applying in the countries: U.S.A. 2.660% France…
Which of the following would contribute to a positive trade balance for a country? Answer 1. Having tourists visit the country 2. Importing textiles 3. Having foreign residents buy the government bonds of the country 4. Importing financial services
(please all options information and correct answer)
If the income level in Mexico increases exponentially with stagnant growth in the U.S. income level would most likely lead to (assuming no change in interest rates or other factors) a ____ in Mexican demand for U.S. goods, and the Mexican peso should ____. A. decrease; depreciate B. increase; depreciate C. increase; appreciate D. decrease; appreciate
Which of the following is an example of managing economic exposure by flexible sourcing policy? An American company sells its products in Brazil and Portugal. Reduced sales in Brazil due to the dollar appreciation against the “real” can be compensated by increased sales in Portugal due to the dollar depreciation against the euro. If yen is strong, it is preferable for a Japanese company to open a manufacturing subsidiary in the U.S. to produce and sell its products there. An American IT company hires software developers in Ukraine because of the weak position of grivna against dollar. A Canadian company spends a lot of money for research & development activities to improve its reputation and gain more customers.
What is one way the modern Chinese government ensures that its limited resources will not be overused? a. stimulaus packages b. high gas prices c. population control policies d. ration cards