In a single year, Argentina can raise 100 tons of beef or produce 1,000 boxes of tulips.In the same growing season, Venezuela can raise 50 tons of beef or produce 750 boxes of tulips.When the two countries begin trading beef for tulips, we would expect the consumer surplus from beef consumption to:
A.fall in Argentina.
B.rise in Argentina.
C.stay the same in Argentina.
D.either rise or fall in Argentina.
Correct Answer:
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