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Microeconomics Study Set 20
Quiz 9: Comparative Advantage and the Gains From International Trade
Trade Between Countries That Is Without Restrictions Is Called
Question 107
Multiple Choice
Trade between countries that is without restrictions is called A) unobstructed commerce. B) unabated trade. C) free trade. D) unencumbered trade.
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Q 108
Refer to Figure 9-1.Under autarky,the consumer surplus is A) $195. B) $260. C) $300. D) $555.
Q 109
Refer to Figure 9-1.Under autarky,the producer surplus is A) $40 B) $105 C) $195 D) $285
Q 110
Refer to Figure 9-1.Under autarky,the deadweight loss is A) $0. B) $15. C) $30. D) $40.
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