Under the gold standard, what occurs when japan has a trade surplus? multiple choice the prices of commodities will be low in the united states. the united states will experience negative price inflation. no other countries will trade gold with japan. there will be a net flow of gold from the united states to japan.

Suppose farmer lane grows and sells cotton in a perfectly competitive industry. the market price of cotton is $1.64 per kilogram, and his marginal cost of production is $1.44 per kilogram, which increases with output. assume farmer lane is currently earning a profit. can farmer lane do anything to increase his profit in the short run? farmer lane: a. cannot do anything to increase his profit. b. may or may not be able to increase his profit. c. can increase his profit by raising his price. d. can increase his profit by producing more output. e. can increase his profit by shutting down.