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Consider a hypothetical Country X that begins by not trading with any country in the market for potatoes. Now imagine Country X opens its borders
Consider a hypothetical Country X that begins by not trading with any country in the market for potatoes. Now imagine Country X opens its borders and begins exporting potatoes. Who wins and who loses in Country X from this? Is Country X as a whole better off or worse off as a result of exporting? Why? No graphs are necessary for this
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