Pls explain in detail with no plagiarism Why is the net gain from international trade positive?...The net gain from international trade is positive because in the import marketand in the export marketO A. the increase in consumer surplus is greater than the loss in producer surplus;the increase in producer surplus is greater than the loss in consumer surplusO B. producer surplus increases and consumer surplus does not change;consumer surplus increases and producer surplus does not changeOC. consumer surplus increases and producer surplus does not change,producer surplus increases and consumer surplus does not changeD. the increase in producer surplus is greater than the loss in consumer surplus;the increase in consumer surplus is greater than the loss in producer surplus

When the domestic price is higher than international price, the country will be net importer under…

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Economics

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Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter9: Application: International Trade

Section: Chapter Questions

Problem 3PA

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Concept explainers

Financial Statements

Financial statements (or financial reports) are the formal records of the financial activities that are undertaken by a firm. They are convenient instruments used for analyzing a company’s financial position and performance. Financial ratios are created with the help of the numerical values that are derived from the financial statements. They give meaningful information about the financial performance of the company.

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Pls explain in detail with no plagiarism

Why is the net gain from international trade positive?
...
The net gain from international trade is positive because in the import market
and in the export market
O A. the increase in consumer surplus is greater than the loss in producer surplus;
the increase in producer surplus is greater than the loss in consumer surplus
O B. producer surplus increases and consumer surplus does not change;
consumer surplus increases and producer surplus does not change
OC. consumer surplus increases and producer surplus does not change,
producer surplus increases and consumer surplus does not change
D. the increase in producer surplus is greater than the loss in consumer surplus;
the increase in consumer surplus is greater than the loss in producer surplus

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