You are a citizen of the country of Tahpshef, which produces many domestic kitchen appliances. Recently, Tahpshef's government lifted many trade barriers, and the domestic kitchen appliance industry is now experiencing free trade as imports enter the market. This increase in competition from foreign companies can lead to what? a. consumers paying lower domestic prices for kitchen appliances.
b. improved technology and innovation in the kitchen appliance industry.
c. more variety in kitchen appliance products for domestic consumers.
d. the quality of kitchen appliances available to consumers declining dramatically.
e. less innovation because of higher costs from competition

A,B,C

Explanation:

As a result of the free trade which allows import, the supply of kitchen appliance increases. When supply increases, the price price of kitchen appliances falls.

As a result of the free trade, diffusion of knowledge also occurs and this increases the level of innovation in the kitchen appliance industry.

Before the free trade was enacted, citizens of the country of Tahpshef could only purchase locally made kitchen appliances but after the free trade was enacted, the options of the members of this country would increase and they can also purchase imported goods.

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi