10. Benefits of free-trade agreements Suppose that Indonesian consumers previously faced higher prices on shoes than they do under the free-trade agreement to which the nation currently adheres because there were only a few domestic firms supplying shoes to the Indonesian market due to trade restrictions. Which of the following benefits of intemational trade describes this free-trade benefit that Indonesian consumers enjoy?
O Enhanced flow of ideas
O Increased competition Lower unit costs through economies of scale
O Increased variety of goods Indonesian consumers have enjoyed more consumer surplus from their shoe purchases than they did before their nation adopted an international agreement on trade restrictions.
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