When a country opens for trade and becomes an exporter of a good, which of the following is a consequence? The gains of domestic consumers of the good exceed the losses of domestic producers of the good. The price received by domestic producers of the good decreases. 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 opens for trade and becomes an exporter of a good, which of the following is a consequence? The gains of domestic consumers of the good exceed the losses of domestic producers of the good. The price received by domestic producers of the good decreases. 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.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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