An important insight of international trade theory is that when countries exchange goods and services one with the other, it a. does not benefit both countries, and is typically harmful to the technologically lagging country. b. does not benefit both countries, because it tends to create unemployment in both countries. c. does not benefit both countries, but is typically more beneficial to the low wage trade partner country. d. benefits both countries, and is usually equally beneficial to both countries. e. benefits both countries, and is usually not equally beneficial to both countries.

answer; /// the above statement is (false);

answernet income for 2017 will be greater if the inventory quantity declines;

answer: in the short-run firms will respond by raising the price of turkey.

explanation: initially the long-run equilibrium is at a price of $5 per pound of turkey and a quantity of 50 million pounds per year. now, when webmd claims that a protein found in turkey will increase your expected lifespan by 4 years. the consumers demand for turkey will increase at every price shifting the demand curve to the right from d1 to d2. while, there will be no change in the supply curve in the short-run as it is not possible for producers to adjust supply so quickly. as a result the new equilibrium will occur at a higher price and a higher quantity of turkey.

thus, in the short run firms will respond by increasing the price of turkey, selling more quantity at a higher price and earning economic profits.