The government of a country with a domestic price of food products lower than that of international competitors has liberalised trade. Discuss the following statement by a representative of the country’s Food Producers’ Association.

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Question:

The government of a country with a domestic price of food products lower than that of international competitors has liberalised trade. Discuss the following statement by a representative of the country’s Food Producers’ Association: “This is a great day. Finally, we will be able to expand our destination markets and increase our domestic income, so that everyone in the country will be better off”. Answer in 800 words

Refer to International economics for guidance

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