Suppose Australia Has a Free-Trade Treaty with the United States

question 28

Multiple Choice

Suppose Australia has a free-trade treaty with the United States.As a result, Australia increases its exports of kangaroo to the USA.Which of the following statements is NOT true?

• A)the price paid by Australian consumers of kangaroo increases
• B)the price received by Australian producers of kangaroo increases
• C)the losses of Australian consumers exceed the gains of Australian producers
• D)the gains of Australian producers exceed the losses of Australian consumers

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