When a country allows trade and becomes an importer of a good, which of the following is NOT a consequence? The price received by domestic producers of the good decreases. The gains of domestic consumers of the good exceed the losses of domestic producers of the good. The gains of domestic producers of the good exceed the losses of domestic consumers of the good. The price paid by domestic consumers of the good decreases.

When a country allows trade and becomes an importer of a good, which of the following is NOT a consequence? The price received by domestic producers of the good decreases. The gains of domestic consumers of the good exceed the losses of domestic producers of the good. The gains of domestic producers of the good exceed the losses of domestic consumers of the good. The price paid by domestic consumers of the good decreases.

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter35: International Trade Restrictions

Section: Chapter Questions

Problem 3E

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Question

When a country allows trade and becomes an importer of a good, which of the following is NOT a consequence?
The price received by domestic producers of the good decreases.
The gains of domestic consumers of the good exceed the losses of domestic producers of the good.
The gains of domestic producers of the good exceed the losses of domestic consumers of the good.
The price paid by domestic consumers of the good decreases.

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