Economists argue for free trade in import markets because importing goods decreases total surplus no one is made worse off by importing goods. all consumers and producers benefit from importing goods. O the gains to the U.S. producers outweigh the losses to the U.S. consumers. the gains to the U.S. consumers outweigh the losses to the U.S. producers
Economists argue for free trade in import markets because importing goods decreases total surplus no one is made worse off by importing goods. all consumers and producers benefit from importing goods. O the gains to the U.S. producers outweigh the losses to the U.S. consumers. the gains to the U.S. consumers outweigh the losses to the U.S. producers
Principles of Microeconomics (MindTap Course List)
8th Edition
ISBN:9781305971493
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter9: Application: International Trade
Section: Chapter Questions
Problem 3CQQ
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