When a Certain Nation Abandoned a Policy of Prohibiting International

question 234

Multiple Choice

When a certain nation abandoned a policy of prohibiting international trade in automobiles in favor of a free-tree policy,the result was that the country began to import automobiles.The change in policy improved the well-being of that nation in the sense that

• A)both producers of automobiles and consumers of automobiles in that nation became better off as a result.
• B)the gains to automobile producers in that nation exceeded the losses of the automobile consumers in that nation.
• C)the gains to automobile consumers in that nation exceeded the losses of the automobile producers in that nation.
• D)even though total surplus in that nation decreased,it was still true that consumer surplus and producer surplus increased.

---

Definitions:

Mayo Clinic

A renowned nonprofit American medical center focused on integrated clinical practice, education, and research, known for its comprehensive and specialized care.

Corporate Partner

A business entity that collaborates with another company in a strategic alliance or partnership, often to achieve mutual business objectives.

Transportation Services

Services that provide the movement of people, animals, or goods from one location to another via various modes such as buses, taxis, trains, and airplanes.

Legislative History

The documents and records, including committee reports and debates, generated during the process of a bill becoming law, used to understand lawmakers' intentions.