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In a Two-Country Model, Consumers in the Exporting Country Will

question 207

Multiple Choice

In a two-country model, consumers in the exporting country will be _____, and producers in the exporting country will be _____ with the opening of free trade.


Definitions:

Rule Of Thumb

a practical principle that comes from the experience of experts rather than precise scientific measures, used for making decisions or estimations.

Contribute

To give or supply in common with others; offering resources, effort, or information towards a common goal.

Content

The information and experiences that are directed towards an end-user or audience, including text, images, and multimedia.

Peer-To-Peer

Peer-to-peer refers to a decentralized communications model in which each party has the same capabilities and either party can initiate a communication session.

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