Question
It's international Trade Draw a graph showing how a country's export sector is affected by a change from autarky to free trade. Be sure that
It's international Trade
Draw a graph showing how a country's export sector is affected by a change from autarky to free trade. Be sure that you properly label
- Both axes
- All relevant lines or curves
- All relevant quantities and prices
- All areas that represent changes in CS, PS and NW
Also, identify the total changes in CS, PS and NW near your graph.
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Macroeconomics
Authors: Stephen D. Williamson
6th Edition
013447211X, 134472119, 978-0134472119
