Which of the following follows when a nation opens up for trade and starts exporting a good? A. The price that domestic manufacturers of the good are paid declines. B. Domestic consumers of the good benefit more than domestic producers of the good, who suffer losses. C. Domestic producers of the good profit more than domestic consumers of the good lose. D. The cost of the commodity for domestic consumers lowers

Principles of Economics, 7th Edition (MindTap Course List)
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Chapter9: Application: International Trade
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Which of the following follows when a nation opens up for trade and starts exporting a good?

A. The price that domestic manufacturers of the good are paid declines.

B. Domestic consumers of the good benefit more than domestic producers of the good, who suffer losses.

C. Domestic producers of the good profit more than domestic consumers of the good lose.

D. The cost of the commodity for domestic consumers lowers.  

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