When a country allows trade and becomes an exporter 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 producers become better off, but the effect on the well-being of domestic consumers is ambiguous.
d. domestic consumers become worse off, but the effect on the well-being of domestic producers is ambiguous.
a
You might also like to view...
Roughly what was the change in Columbia's per capita GDP between 1960 and 2011?
A) 25% B) 90% C) 150% D) 185%
The United States is academically unique in having so many
a. trade schools. b. colleges of arts and sciences. c. business schools. d. fine arts schools.
The slope of the total product curve always equals
A) the ratio of the marginal product and the average product. B) the change in input divided by the change in output. C) the average product of the input. D) the marginal product of the input.
The central bank of a country usually: a. develops and implements fiscal policy
b. develops and implements monetary policy. c. issues debit and credit cards. d. gives loans to the public.