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Figure 9-4 -Refer to Figure 9-4. When the Country for Which the for Which

Question 164

Multiple Choice

Figure 9-4 Figure 9-4 -Refer to Figure 9-4. When the country for which the figure is drawn allows international trade in crude oil, A) consumer surplus for domestic crude oil consumers decreases. B) the demand for crude oil by domestic crude oil consumers decreases. C) the losses of the domestic losers outweigh the gains of the domestic winners. D) domestic crude oil producers sell less crude oil.
-Refer to Figure 9-4. When the country for which the figure is drawn allows international trade in crude oil,

A) consumer surplus for domestic crude oil consumers decreases.
B) the demand for crude oil by domestic crude oil consumers decreases.
C) the losses of the domestic losers outweigh the gains of the domestic winners.
D) domestic crude oil producers sell less crude oil.

Correct Answer: