Free international export and imports have net benefit

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Reference no: EM13854699

1. Consumer surplus ….. when international trade is open as compared with a closed economy:

a. Increases

b. Decreases

2. Free international export and imports have a net benefit for:

a. Exporter and importer countries

b. Only exporting nations

c. Only consumers

d. producers

3. Which is steeper when it rises and steeper when it falls

a. AVC

b. AFC

c. MC

Reference no: EM13854699

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