When a Country Allows Trade and Becomes an Exporter of a Good,which

question 12

Multiple Choice

When a country allows trade and becomes an exporter of a good,which of the following is not a consequence?

• A)The price paid by domestic consumers of the good increases.
• B)The price received by domestic producers of the good increases.
• C)The losses of domestic consumers of the good exceed the gains of domestic producers of the good.
• D)The gains of domestic producers of the good exceed the losses of domestic consumers of the good.

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Definitions:

Sovereign Authority

The ultimate power or authority within a given territory, typically held by a state or monarch, over which no other power can exercise control.

Central Body

The main or primary governing agency or organization within a larger system that coordinates and regulates activities across the system.

Member States

Entities that have agreed to form a federation or union, each maintaining control over its internal affairs while ceding certain powers to a central authority for mutual benefit.

Continental Congress

A series of legislative gatherings in the late 18th century where leaders from the Thirteen Colonies discussed and made decisions crucial to the fight for independence from Britain.