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

question 121

Multiple Choice

When a country allows trade and becomes an exporter of a good,

• A)domestic producers gain and domestic consumers lose.
• B)domestic producers lose and domestic consumers gain.
• C)domestic producers and domestic consumers both gain.
• D)domestic producers and domestic consumers both lose.

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Definitions:

Human Rights Legislation

Laws designed to protect individuals and groups from discrimination and to safeguard their fundamental human rights and freedoms.

Trade Unions

Organizations formed by workers to protect their rights, improve working conditions, negotiate wages, and address grievances with employers.

Labour Statutes

Labour statutes are laws specifically related to the rights and obligations of workers and employers, often dealing with conditions of employment, worker safety, and collective bargaining.

Unionized Employees

Workers who are members of a labor union, which represents their interests in negotiations with employers.