Multiple Choice
In 2008, Agriculture Secretary Ed Schafer announced that Chile's Livestock and Agricultural Service approved the U.S. inspection, control and certification systems for poultry, allowing these products to enter the Chilean market. The effect of this change in Chilean policy in the Chilean poultry market is to
A) increase Chilean consumer surplus.
B) increase Chilean producer surplus.
C) decrease Chilean total surplus.
D) have no effect in the Chilean poultry market.
Correct Answer:
Verified
Correct Answer:
Verified
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