Other

Question

When a country allows trade and becomes an exporter of a good,

• A) domestic producers gain and domestic consumers lose.

• B) domestic producers lose and domestic consumers gain.

• C) domestic producers and domestic consumers both gain.

• D) none of the above.

Question 39 (1 noint)

Answer

C) domestic producers and domestic consumers both gain.

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When a country allows trade and becomes an exporter of a good, domestic producers gain from increased demand for their product, while domestic consumers gain from the...