BE B 2. Winners and losers from free trade Consider the market for meekers in the imaginary economy of Meckertown. In the absence of international trade, the domestic price of meekers is $21. Suppose that the world price of meekers is $22. Assume that Meckertown is too small to influence the world price of meekers once it enters the international market. If Meckertown allows free trade, then it will meekers Given current economic conditions in Meckertown, complete the following table by indicating whether each of the statements as true or false Statement True False Meekertownian consumers are worse off under free trade than they were before. Meekertownian producers are worse off under free trade than they were before. 0 True or False: When a country is too small to affect the world price, allowing free trade will have a non-negative effect on total surplus in that country, regardless of whether it imports or exports as a result of international trade True O false