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Advanced physics Use economic analysis to illustrate and explain a country (big open economy like the US) that takes into account its vulnerability in the
Advanced physics
Use economic analysis to illustrate and explain a country (big open economy like the US) that takes into account its vulnerability in the world oil market, e.g., incorporating the risk of experiencing an oil embargo. In the same diagram, show and explain what happens when the country switch to being self-sufficient; showing, if any, deadweight losses as a result
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