Back to Assignment Amts: Keep the Highest 13 2. Winners and losers from free trade Consider the market for markers in the imaginary economy of Meckertown. In the absence of international trade, the domestic price of meekers is 340. Suppose that the world price of meekers is $39. Assume that Meckertown is too small to influence the world price of meekers once it enters the International market 1 Marketinn slows free trade, then we importers Given current economic conditions in Meckertown, complete the following table by indicing whether each of the statements is true or False Statement True False Mekonomes we thout free wade than they we with en roer where trade than they are with it. O 0 Tutoriseen tyst the world price, wing free trade will never increase total surplus in that country, regardless of whermoser of wonde True Save a Continue Chout o 2 3 5 6 7 8 Q 9 E 0 S C Back to Assignment Amts: Keep the Highest 13 2. Winners and losers from free trade Consider the market for markers in the imaginary economy of Meckertown. In the absence of international trade, the domestic price of meekers is 340. Suppose that the world price of meekers is $39. Assume that Meckertown is too small to influence the world price of meekers once it enters the International market 1 Marketinn slows free trade, then we importers Given current economic conditions in Meckertown, complete the following table by indicing whether each of the statements is true or False Statement True False Mekonomes we thout free wade than they we with en roer where trade than they are with it. O 0 Tutoriseen tyst the world price, wing free trade will never increase total surplus in that country, regardless of whermoser of wonde True Save a Continue Chout o 2 3 5 6 7 8 Q 9 E 0 S C