A country opens up to trade.In an import industry,surplus is redistributed from

Name: A country opens up to trade.In an import industry,surplus is redistributed from
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Question

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When a country opens up to trade, it allows foreign producers to compete with domestic producers in the import industry. This leads to a shift in supply and demand, resulting in a surplus for consumers and a loss for producers. As a result, the surplus is redistributed from producers to consumers, making option A the best choice.

A Country Opens Up to Trade