If the United States opens its wine market to wine producers from countries with a comparative advantage in wine production, _____.
A) there will be a decrease in the consumption of wine in the United States
B) the production of wine in the United States will increase
C) the price of wine in the United States will increase
D) the price of wine in the United States will decrease
E) there will be a decline in the standard of living of the citizens in the United States
Correct Answer:
Verified
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