Trade policies reduce both imports and exports. While they leave the trade balance unchanged, they reduce trade overall and so reduce the gains from trade. This lowers the standard of living. U.S. industries that produce goods on which imports are reduced may gain, but overall there is a loss.
How can companies write for a global audience while containing the cost of translation?
A) Add links to content in multiple languages. B) Develop a new website in each language needed. C) Write in the original language and allow for links to translation software sites. D) Write detailed content in the languages of global community members and use the original language for major sections such as the homepage and navigational tabs. E) Localize the homepage for the global audience and keep detailed content in the original language.
A) producer surplus to new producers entering the market as the result of an increase in price from P1 to P2. B) the increase in consumer surplus that results from an upward-sloping supply curve. C) the increase in total surplus when sellers are willing and able to increase supply from Q1 to Q2. D) the increase in producer surplus to those producers already in the market when the price increases from P1 to P2.