When free international trade takes place,in accordance with a country's comparative advantage,
A) producers in export industries are likely to favor it because they sell a larger quantity at identical prices
B) producers in export industries are likely to oppose it because they sell a larger quantity,which lowers prices in accordance with the laws of supply and demand
C) producers in import industries are likely to favor it because they sell a larger quantity at only slightly depressed prices
D) export industry workers are likely to favor it,import industry workers are likely to hate it
E) consumers are likely to be of two minds: they hate the more expensive import goods,but they love the cheaper export goods
Correct Answer:
Verified
Q95: Tariffs
A)benefit consumers by lowering prices
B)harm producers by
Q96: Protectionism arises because
A)people misunderstand the benefits of
Q97: One advantage of a tariff over a
Q98: A quota typically increases the volume of
Q99: One reason why there may be a
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