When looking at the impact of a change in trade policy, economists use consumer and producer surplus

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When looking at the impact of a change in trade policy, economists use consumer and producer surplus to look at the winners and losers. Free-trade economists insist that

A. No one loses.

B. Everyone loses.

C. There are winners and losers but that the gain to the winners is greater than the loss to the losers.

D. There are winners and losers but that the loss to the losers is greater than the gain to the winners.

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Issues in Economics Today

ISBN: 978-1259746390

8th edition

Authors: Robert C. Guell

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Question Posted: Apr 24, 2018 01:35 AM

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When looking at the impact of a change in trade policy, economists use consumer and producer surplus

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C There are winners and losers but that the gain ...View the full answer

Issues in Economics Today

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