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When a Country Allows Trade and Becomes an Importer of Jet

Question 204

Multiple Choice

When a country allows trade and becomes an importer of jet skis,


A) domestic producers of jet skis are worse off,domestic consumers of jet skis are better off,and the economic well-being of the country rises.
B) domestic producers of jet skis are worse off,domestic consumers of jet skis are better off,and the economic well-being of the country falls.
C) domestic producers of jet skis are better off,domestic consumers of jet skis are worse off,and the economic well-being of the country rises.
D) domestic producers of jet skis are better off,domestic consumers of jet skis are worse off,and the economic well-being of the country falls.

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