Compared to the No-Trade Situation, When a Country Imports a Good

question 112

Multiple Choice

Compared to the no-trade situation, when a country imports a good,

• A) domestic consumers gain, domestic producers lose, and the gains outweigh the losses.
• B) domestic consumers lose, domestic producers gain, and the gains outweigh the losses.
• C) domestic consumers gain, domestic producers lose, and the losses outweigh the gains.
• D) domestic consumers gain, but domestic producers lose an equal amount.