When the nation of Venezia allows trade and as a result becomes an exporter of shoes,
a. residents who produce shoes become worse off; residents who buy shoes become better off; and the economic well-being of Venezia rises.
b. residents who produce shoes become worse off; residents who buy shoes become better off; and the economic well-being of Venezia falls.
c. residents who produce shoes become better off; residents who buy shoes become worse off; and the economic well-being of Venezia rises.
d. residents who produce shoes become better off; residents who buy shoes become worse off; and the economic well-being of Venezia falls.
C
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