Business
Business, 12.08.2020 20:01, bryneosburn

The before-trade domestic price of tomatoes in the United States is $500 per ton. The world price of tomatoes is $400 per ton. The U. S. is a price-taker in the tomatoes market. If trade in tomatoes is allowed, the United States:
a) will experience increases in both consumer surplus and producer surplus.
b) may become either an importer or an exporter of tomatoes, but this cannot be determined.
c) will become an exporter of tomatoes.
d) will become an importer of tomatoes.

answer
Answers: 1

Other questions on the subject: Business

image
Business, 21.06.2019 13:00, mia7791
Druganaut company buys a $21,000 van on credit. the transaction will affect the
Answers: 3
image
Business, 22.06.2019 01:00, natalie857123
When color is used on a topographical drawing, black is used to represent what?
Answers: 1
image
Business, 22.06.2019 10:50, lindalu
Choose the statement that is incorrect. a. search activity occurs only in markets where there is a shortage. b. when a price is regulated and there is a shortage, search activity increases. c. the time spent looking for someone with whom to do business is called search activity. d. the opportunity cost of a good is equal to its price plus the value of the search time spent finding the good.
Answers: 3
image
Business, 22.06.2019 21:50, dontworry48
Abus pass costs $5 per week. which of the following equations shows the total cost in dollars, t, of the bus pass for a certain number of weeks, w? t = 5w w = 5t t = 5 + w w = 5 + t
Answers: 3
Do you know the correct answer?
The before-trade domestic price of tomatoes in the United States is $500 per ton. The world price of...

Questions in other subjects: