Relative to a No-International-Trade Initial Situation, If the United States

question 177

Multiple Choice

Relative to a no-international-trade initial situation, if the United States imported wine, the U.S.domestic price of wine:

• A)would rise, but domestic output would fall.
• B)would fall, but domestic output would rise.
• C)would rise, and domestic output would rise.
• D)would fall, and domestic output would fall.

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