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When a Country Allows Trade and Becomes an Importer of a Good

Question 119

Multiple Choice

When a country allows trade and becomes an importer of a good,


A) domestic producers become better off,and domestic consumers become worse off.
B) domestic producers become worse off,and domestic consumers become better off.
C) domestic consumers become better off,but the effect on the well-being of domestic producers is ambiguous.
D) domestic producers become worse off,but the effect on the well-being of domestic consumers is ambiguous.

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