Compared to the no-trade situation, when a country imports a good, a. domestic consumers gain, domestic producers
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Compared to the no-trade situation, when a country imports a good,
a. domestic consumers gain, domestic producers lose, and the gains outweigh the losses.
b. domestic consumers lose, domestic producers gain, and the gains outweigh the losses.
c. domestic consumers gain, domestic producers lose, and the losses outweigh the gains.
d. domestic consumers gain and domestic producers lose by an equal amount.
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