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Referring to the article " Donald Trump acts to cut prescription drug prices in the US,"...

Referring to the article " Donald Trump acts to cut prescription drug prices in the US," BBC News, July 25, 2020. https://www.bbc.com/news/world-us-canada-53534950 If the US imports drugs from Canada and other countries, US consumers will ............., pharmaceutical companies will ................, and the country as a whole will..............

A. gain, lose, gain

B. gain, gain, gain

C. lose, gain, gain

D. gain, lose, lose

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Answer #1

When any country import then price decreases which will increase the consumer Surplus and U.S. Consumer gains, pharmaceutical companies will loose as they also receives lower price and total country as a whole will gain.

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