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Question 13 {1.25 points] Springfield has decided to end its policyr of not trading with the rest of the world. When it ends its trade
Question 13 {1.25 points] Springfield has decided to end its policyr of not trading with the rest of the world. When it ends its trade restrictions, it discovers that it is importing beer and exporting donuts. What are the effects? 0 domestic producers of beer are now worse off, and consumers of beer are better off; producers of donuts are better off, and consumers of donuts are worse off 0 domestic producers of beer are now better off. and consumers of beer are worse off; producers of donuts are better off, and consumers of donuts are worse off 0 domestic producers of beer are now better off. and consumers of beer are worse off; producers of donuts are worse off. and consumers of donuts are better off 0 domestic producers of beer are now worse off, and consumers of beer are better off; producers of donuts are worse off. and consumers of donuts are better off Question 14 (1.25 points] Suppose that Ghana has a comparative advantage in producing tuna and trade in tuna is now allowed, what can be said about Ghana? 0 Ghana will onlv become an exporter of tuna if it also has absolute advantage in producing tuna O Ghana will onlv become an importer of tuna if it also has absolute advantage in producing tuna 0 Ghana will become an importer of tuna 0 Ghana will become an exporter of tuna
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