If Argentina exports oranges to the rest of the world,Argentina's producers of oranges are worse off as a result of trade,but Argentina's consumers of oranges are better off.

Question

Quizplus · Accepted Answer

If Argentina exports oranges to the rest of the world, it means that there is demand for their oranges outside of their domestic market. This increases the price and demand for their oranges, which benefits the producers of oranges in Argentina. They are able to sell more at a higher price, resulting in increased profits. However, if the price of oranges increases domestically due to higher demand, Argentine consumers may experience higher prices, which may make them worse off. Overall, it depends on the specific circumstances of the trade agreement and market conditions.

If Argentina Exports Oranges to the Rest of the World,Argentina's