Compared to the no-trade situation, when a country imports a good, which of the following will occur?
What will be an ideal response?
Domestic consumers gain, domestic producers lose, and the gains outweigh the losses.
Economics
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An oligopolist's demand curve is
A) identical to that of a perfectly competitive firm. B) vertical on a price-quantity diagram. C) unknown because a response of firms to price changes by rivals is uncertain. D) identical to that of a monopolistically competitive firm.
Economics
How does opportunity cost to education contribute to low school enrollments in developing countries?
Economics