When the world price is below the domestic price the elimina

When the world price is below the domestic price, the elimination of a tariff decreases domestic production and provides a benefit because: Select one: a. it causes unemployment when workers are laid off. b. it makes producers better off c.no one is harmed by the decreased production, and everybody pays lower prices. d. it frees up resources that can be used to produce other goods and services. Check

Solution

Answer : ‘d’  it frees up resources that can be put on better use.

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