Suppose that the nation of micronesia decides to participate in the international trade of timber. 1. Shift the line representing the world price in a way that results in micronesia exporting timber. 2. Adjust the shaded area so that it correctly represents producer surplus for micronesia\'s firms once the country is open to international trade.

What tax is paid by the most people in the united states

When the benefit of one particular use of a resource is greater than the opportunity cost, then that resource is which of the following? a. not scarce b. being used efficiently c. a normal good d. non-excludable

Which of the following is/are required to be in writing under the ucc's statute of frauds? a. a $10,000 oral contract dealing with specially manufactured goods. b. a $550 oral contract dealing with unique goods. c. a $100,000 oral contract involving the lease of goods where the defendant admits the existence of the contract in court. d. a $12,000 oral contract where the seller ships the goods and the buyer takes possession of half of the goods. e. all of the above.