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

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

Quizplus · Accepted Answer

With the country opening up to trade, it is likely that foreign producers will enter the market, increasing competition and lowering prices. This will lead to a surplus being redistributed from domestic producers to consumers, as consumers will now have access to cheaper imports. Therefore, choice A is the best answer.

A Country Opens Up to Trade