Who benefits from imports?
A) Domestic consumers
B) Foreign consumers
C) Domestic producers
D) Both answers A and B are correct.
Correct Answer:
Verified
Q87: Australian producer surplus _ when Australia imports
Q88: Q89: Based on the table below, at what Q90: Q91: Import quotas Q93: Australia has a comparative advantage in producing Q94: Selling a product in a foreign nation Q95: A tariff imposed by Australia on Japanese Q96: Compared to the situation before international trade, Q97: When the principle of comparative advantage is
A) are not used by Australia.
B)
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents