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Figure 9-1 The Figure Illustrates the Market for Wool in New Zealand

Question 92

Multiple Choice

Figure 9-1
The figure illustrates the market for wool in New Zealand. Figure 9-1 The figure illustrates the market for wool in New Zealand.   -Refer to Figure 9-1.When trade is allowed, A)  New Zealand producers of wool become better off and New Zealand consumers of wool become worse off. B)  New Zealand consumers of wool become better off and New Zealand producers of wool become worse off. C)  both New Zealand producers and consumers of wool become better off. D)  both New Zealand producers and consumers of wool become worse off.
-Refer to Figure 9-1.When trade is allowed,


A) New Zealand producers of wool become better off and New Zealand consumers of wool become worse off.
B) New Zealand consumers of wool become better off and New Zealand producers of wool become worse off.
C) both New Zealand producers and consumers of wool become better off.
D) both New Zealand producers and consumers of wool become worse off.

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