When a market begins to engage in international trade: consumers of the imported good may be worse off. producers in the exporting industry may be better off. producers in the importing industry may be better off. consumers of the exported good may be better off.
When a market begins to engage in international trade: consumers of the imported good may be worse off. producers in the exporting industry may be better off. producers in the importing industry may be better off. consumers of the exported good may be better off.
Chapter21: International Trade And Finance
Section: Chapter Questions
Problem 10SQ
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When a market begins to engage in international trade:
consumers of the imported good may be worse off.
producers in the exporting industry may be better off.
producers in the importing industry may be better off.
consumers of the exported good may be better off.
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