When a Country Allows Trade and Imports a Good

question 33

Multiple Choice

When a country allows trade and imports a good,

• A) domestic producers are worse off, domestic consumers are better off, and the nation is worse off because the losses of the losers exceed the gains of the winners.
• B) domestic consumers are worse off, domestic producers are better off, and the nation is worse off because the losses of the losers exceed the gains of the winners.
• C) domestic producers are worse off, domestic consumers are better off, and the nation is better off because the gains of the winners exceed the losses of the losers.
• D) domestic consumers are worse off, domestic producers are better off, and the nation is better off because the gains of the winners exceed the losses of the losers.

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Definitions:

Property Qualification

A historical requirement that individuals must own a certain amount of property or land to enjoy specific rights, such as voting or holding public office.

Petitions Of Slaves

Historical documents or appeals made by enslaved individuals seeking freedom, justice, or improved conditions.

Natural Rights

Fundamental human rights, often seen as universal and inalienable, such as life, liberty, and property, as conceptualized by philosophers like John Locke.

Republican Motherhood

A concept in early American society which held that women played an important role in teaching their children republican values, thus contributing to the nation’s success.