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    Principles of Economics Study Set 8
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    Exam 9: Application: International Trade
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    If Belgium Exports Chocolate to the Rest of the World
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If Belgium Exports Chocolate to the Rest of the World

Question 15

Question 15

True/False

If Belgium exports chocolate to the rest of the world, then Belgian chocolate producers benefit from higher producer surplus, Belgian chocolate consumers are worse off because of lower consumer surplus, and total surplus in Belgium increases because of the exports of chocolate.

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