If Belgium exports chocolate to the rest of the world,Belgian chocolate sellers benefit from higher producer surplus,Belgian chocolate buyers are worse off because of lower consumer surplus,but total surplus in Belgium increases because of trade.

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When Belgium exports chocolate, the producers (sellers) benefit from higher producer surplus due to increased demand and higher prices in the international market. However, the consumers (buyers) in Belgium may be worse off if they have to pay higher prices for the same chocolate. Despite this, total surplus in Belgium increases due to trade as the gains for producers exceed the losses for consumers.

If Belgium Exports Chocolate to the Rest of the World,Belgian