Solved

Figure 9-6 -Zelzar Has Decided to End Its Policy of Not Trading

Question 117

Multiple Choice

Figure 9-6 Figure 9-6   -Zelzar has decided to end its policy of not trading with the rest of the world. When it ends its trade restrictions, it discovers that it is importing incense, exporting steel, and neither importing nor exporting rugs. Which groups in Zelzar are better off as a result of the new free-trade policy? A) producers of incense and consumers of steel B) consumers of all three goods C) consumers of incense and producers of rugs D) producers of steel and consumers of incense
-Zelzar has decided to end its policy of not trading with the rest of the world. When it ends its trade restrictions, it discovers that it is importing incense, exporting steel, and neither importing nor exporting rugs. Which groups in Zelzar are better off as a result of the new free-trade policy?


A) producers of incense and consumers of steel
B) consumers of all three goods
C) consumers of incense and producers of rugs
D) producers of steel and consumers of incense

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions