Consequences of adopting policy reducing

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Question

If Alpha doesn't have a comparative advantage in producing rice, the consequences of adopting a policy reducing or eliminating imports of rice into the country would include: Alpha will be able to consume a combination of rice and other goods beyond their domestic production possibilities curve. the real incomes of Alpha's rice producers would rise, but the real incomes of Alpha's rice consumers would fall. the real incomes of Alpha's rice consumers would rise, but the real incomes of Alpha's rice producers would fall. the price of rice in Alpha will fall.

Reference no: EM133629830

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