When a Country That Exported a Particular Good Abandons a Free-Trade

question 302

Multiple Choice

When a country that exported a particular good abandons a free-trade policy and adopts a no-trade policy,

• A)consumer surplus increases and total surplus increases in the market for that good.
• B)consumer surplus increases and total surplus decreases in the market for that good.
• C)consumer surplus decreases and total surplus increases in the market for that good.
• D)consumer surplus decreases and total surplus decreases in the market for that good.

---

Definitions:

Women

Female humans, often referred to in contexts concerning social, cultural, and economic issues specific to their gender.

Children Under 18

Individuals who are younger than 18 years old, considered minors in most jurisdictions.

Individuals Over 65

People who are aged 65 years and above, often considered seniors or elderly in many societies.

Wealth Holders

Individuals or entities that possess a significant amount of assets or wealth.