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A Country Moves from a Situation of No Trade to a Situation

Question 22

Multiple Choice

A country moves from a situation of no trade to a situation where a good is imported.In the importing country the price of the good ________,and producer surplus ________.


A) rises;increases
B) falls;decreases
C) does not change;increases
D) does not change;decreases
E) rises;decreases

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