When a country allows trade and becomes an importer of bottled water,which of the following is not a consequence?
A)The gains of domestic consumers of bottled water exceed the losses of domestic producers of bottled water.
B)The losses of domestic producers of bottled water exceed the gains of domestic consumers of bottled water.
C)The price paid by domestic consumers of bottled water decreases.
D)The price received by domestic producers of bottled water decreases.

Question

Quizplus · Accepted Answer

When a country imports bottled water, domestic consumers benefit from lower prices, and the gains to consumers typically exceed the losses to producers. Therefore, the losses of domestic producers do not exceed the gains of domestic consumers.

When a Country Allows Trade and Becomes an Importer of Bottled