Business, 26.07.2019 02:30 scarbroughmary0

Suppose that: (1) the united states has a comparative advantage in producing chemicals; (2) costa rica has a comparative advantage in producing sugar; and (3) the united states imposes a quota on its imports of costa rican sugar. now suppose that the united states eliminates its import quotas on costa rican sugar. which of the following is most likely to occur for the united states?
a. consumer surplus for american consumers of sugarproducts will fall.
b. producer surplus for american sugar producers willrise.
c. consumer surplus for american consumers of sugarproducts will rise.
d. tariff revenues for the u. s. government will rise.

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Suppose that: (1) the united states has a comparative advantage in producing chemicals; (2) costa...

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