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A: T/F/U For questions 1-4 below, explain whether the statement is true, false or uncertain using AT MOST FOUR SENTENCES. No credit will be given
A: T/F/U For questions 1-4 below, explain whether the statement is true, false or uncertain using AT MOST FOUR SENTENCES. No credit will be given for answers that are not accompanied by explanations. Please also include a CAREFULLY DRAWN AND LABELLED figure if you think it will help clarify your argument. 1. The ratio at which the Home's comparative advantage and comparative disadvantage goods are consumed does not change if Home imposes an import tariff on its comparative disadvantage good. 2. All else equal, the larger the difference between autarky and free trade consumption of a country's comparative disadvantage good, the larger the gains from trade
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