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

question 184

Multiple Choice

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

• A)domestic producers become better off,and domestic consumers become worse off.
• B)domestic producers become worse off,and domestic consumers become better off.
• C)domestic producers become better off,but the effect on the well-being of domestic consumers is ambiguous.
• D)domestic consumers become worse off,but the effect on the well-being of domestic producers is ambiguous.

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Definitions:

Virtue

A trait or quality deemed to be morally good and thus is valued as a foundation of good moral being.

Moral Standards

The principles of right and wrong that are accepted by an individual or a social group, serving as a guide for ethical behavior and decision-making.

Mature Person

An individual who demonstrates emotional and psychological stability, responsible behavior, and the ability to make reasoned decisions based on experience.