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Suppose Australia Has a Free-Trade Treaty with the United States

Question 28

Multiple Choice

Suppose Australia has a free-trade treaty with the United States.As a result, Australia increases its exports of kangaroo to the USA.Which of the following statements is NOT true?


A) the price paid by Australian consumers of kangaroo increases
B) the price received by Australian producers of kangaroo increases
C) the losses of Australian consumers exceed the gains of Australian producers
D) the gains of Australian producers exceed the losses of Australian consumers

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