Question
If a country closes off to trade and prices remain unchanged, what does that mean? A . Autarky prices and free trade prices are the
If a country closes off to trade and prices remain unchanged, what does that mean?
A. Autarky prices and free trade prices are the same.
B. Autarky prices are larger than free trade prices.
C. Autarky prices are smaller than free trade prices.
D. The absolute value of autarky prices are negatively correlated with free trade prices.
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International Trade
Authors: John McLaren
1st edition
0470408790, 978-0470408797
