2. Winners and losers from free trade Consider the market for meckers in the imaginary economy of Meekertown. In the absence of international trade, the domestic price of meekers is $25. Support that the world price of meekers is $30. Assume that Meekertown is too small to influence the world price of moeten once I enters the Interational market 11 Meekertown alows free trade, then it will meckers Given curent economic conditions in Meckertown, complete the following table by indicating whether each of the statements is true or fade. True False Statement Meekertownian consumers are better off under free trade than they were before O Meckertownian producers are worse off under free trade than they were before Tror or False: When a country is too small to affect the world price, allowing free trade will never increase total surplus in that country, regardless of whether it imports or exports a result of international trade O True Fale Grade it Now Save & Continue Continue without saving