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.In August 1990, many countries decided to retaliate against Iraq for its invasion of Kuwait by refusing to trade with Iraq (except in food and

.In August 1990, many countries decided to retaliate against Iraq for its invasion of Kuwait by refusing to trade with Iraq (except in food and humanitarian goods). With such an "embargo" in place, what conceptually would happen to Iraq's terms of trade and volume of trade? Illustrate and explain your answer using offer curves.

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