Suppose that the u. s. has a comparative advantage in the production of spreadsheet software. as a result of opening up the market to international trade,

a.
u. s. citizens benefit from lower software prices, increasing consumer surplus in the market.

b.
u. s. producers benefit from higher software prices, increasing producer surplus in the market.

c.
u. s. software producers are harmed, since the price that these producers receive will decline as the price falls to the world price.

d.
total surplus in this market will remain unchanged, as the decline in benefits received by software producers exactly balances the increase in benefits received by us software consumers.

1. list five staple convenience goods that you or your household buys on a regular basis. (you do not need to use complete sentences. 2.5 points) 2. list three impulse convenience goods that you or someone you know has purchased. (you do not need to use complete sentences. 2.5 points) 3. describe a shopping good that you or someone you know purchased. what kind of research did you or that person do before buying the product? (1-5 sentences. 3.0 points) 4. choose an example of a company you could start, and decide which business structure would make the most sense for that type of company (sole proprietorship, partnership, llc, c corporation, s corporation, or nonprofit corporation). explain why this structure would be good for this type of company. give at least 3 reasons. (3-6 sentences. 6.0 points) 5. if you were starting a new business, describe at least three departments to the company that you would need right away. why are these departments so important? (1-5 sentences. 3.0 points) 6. describe a product that you think has saturated its market. what makes you think it has saturated its market? (1-5 sentences. 3.0 points)