Multiple Choice
When a country allows trade and becomes an importer of bottled water, which of the following is not a consequence?
A) Domestic producers become worse off, and domestic consumers become better off.
B) The price received by domestic producers of bottled water increases.
C) The price paid by domestic consumers of bottled water decreases.
D) The price received by domestic producers of bottled water decreases.
Correct Answer:

Verified
Correct Answer:
Verified
Q158: Domestic consumers gain and domestic producers lose
Q159: List four benefits of international trade.
Q160: Figure 9-7<br>The following diagram shows the domestic
Q161: The sum of consumer and producer surplus
Q162: Free trade allows firms to realize economies
Q164: A country has a comparative advantage in
Q165: Figure 9-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7555/.jpg" alt="Figure 9-2
Q166: If a country's domestic price of a
Q167: Suppose the Ivory Coast, a small country,
Q168: According to the principle of comparative advantage,