Figure 17-8
-Refer to Figure 17-8. If this country allows free trade in wagons,
A) consumers will gain more than producers will lose.
B) producers will gain more than consumers will lose.
C) producers and consumers will both gain equally.
D) producers and consumers will both lose equally.

Question

Figure 17-8 
-Refer to Figure 17-8. If this country allows free trade in wagons,
A) consumers will gain more than producers will lose. 
B) producers will gain more than consumers will lose. 
C) producers and consumers will both gain equally. 
D) producers and consumers will both lose equally.

Quizplus · Accepted Answer

When a country allows free trade, consumers typically benefit from lower prices and increased variety, while producers may face increased competition. This often results in a net gain for consumers that outweighs the losses experienced by producers.

Figure 17-8 -Refer to Figure 17-8. If This Country Allows Free Trade