If Country a Exports a Good to Country B,who Is

question 56

Multiple Choice

If Country A exports a good to Country B,who is made better off?

• A)The producers in Country A and the consumers in Country B
• B)The consumers in Country A and the consumers in Country B
• C)The producers in Country A and the producers in Country B
• D)The consumers in Country A and the producers in Country B
• E)Only the consumers in Country A will benefit from this trade agreement

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Definitions:

Countercyclical Payments

Government payments made to farmers and businesses to provide financial support during periods of economic downturn.

Food-Stamp Program

A government assistance program that provides low-income individuals and families with benefits to buy food.

Farm Products

Items derived from agricultural activities, including both plant-based foods and animal products, essential for human consumption and use.

Import Quotas

Import quotas are government-imposed limits on the quantity or value of goods that can be imported into a country, used to protect domestic industries.