Compared to the no-trade situation, when a country imports a ...

[waynest]

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, domestic producers lose an equal amount.

Question 2

If the rivers, lakes and air in the United States could all be privately owned, then:
 a. there would be less pollution.
 b. costs of production for many firms would rise.
  c. externalities would be internalized.
 d. all of the above are correct.

[Jadwiga9]

Answer to Question 1

a

Answer to Question 2

d

[waynest]

Thank you

[Jadwiga9]

No problemo