Figure 9-2
-Refer to Figure 9-2. If this country allows free trade in skateboards,
A)consumers will gain and producers will lose.
B)consumers will lose and producers will gain.
C)both consumers and producers will gain.
D)both consumers and producers will lose.

Question

Figure 9-2  ​
-Refer to Figure 9-2. If this country allows free trade in skateboards,
A)consumers will gain and producers will lose. 
B)consumers will lose and producers will gain. 
C)both consumers and producers will gain. 
D)both consumers and producers will lose.

Quizplus · Accepted Answer

When a country allows free trade, consumers benefit from lower prices and a greater variety of goods, while domestic producers may face tougher competition from imports, potentially leading to losses for those unable to compete on price or quality.

Figure 9-2 ​

Figure 9-2