When a Country Abandons a No-Trade Policy,adopts a Free-Trade Policy,and

question 194

Multiple Choice

When a country abandons a no-trade policy,adopts a free-trade policy,and becomes an importer of a particular good,

• A)consumer surplus increases and total surplus increases in the market for that good.
• B)consumer surplus increases and total surplus decreases in the market for that good.
• C)consumer surplus decreases and total surplus increases in the market for that good.
• D)consumer surplus decreases and total surplus decreases in the market for that good.

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Definitions:

Brazil

A country in South America that is the largest in both South America and the Latin American region.

Values

Core beliefs or principles that guide behavior and decision-making, reflecting what is important to an individual, group, or organization.

Beliefs

Convictions or acceptances that something exists or is true, especially without proof.

Practices

Repeated or habitual actions, methods, or operations in a particular field or discipline.