Compared to the no-trade situation, when a country imports a good:
a. domestic consumers gain, domestic producers lose, and the gains outweigh the losses.
b. domestic consumers lose, domestic producers gain, and the gains outweigh the losses.
c. domestic consumers gain, domestic producers lose, and the losses outweigh the gains.
d. domestic consumers gain, domestic producers lose an equal amount.
a
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Comparable worth aims at
A) increasing the earnings of the least-skilled workers in the labor force. B) raising the relative wages paid in jobs traditionally dominated by women. C) reducing the relative income shares going to property owners. D) securing equal wages for people performing identical jobs. E) securing equal wages for people performing identical jobs and performing equally well.
According to traditional Keynesians, when the central bank increases the money supply during a recession
A) people will spend all of the money on goods and services. B) people will borrow more from banks. C) people will keep most of it in their bank accounts. D) people will refuse to use the money.