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What happens when a nation opens itself to trade in a good and becomes an importer of that good? (1 Point) Producer surplus, consumer surplus,
What happens when a nation opens itself to trade in a good and becomes an importer of that good? (1 Point) Producer surplus, consumer surplus, and total surplus all increase. Producer surplus and total surplus increase, but consumer surplus decreases. Producer surplus decreases, but consumer surplus and total surplus increases. Producer surplus decreases, consumer surplus increases, and so the impact on total surplus is ambiguous
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