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Q1. (15 points) Suppose Canada is a small importer of personal protective equipment (PPE). At the world free trade price, Canada's domestic production of PPE

Q1. (15 points) Suppose Canada is a small importer of personal protective equipment (PPE). At the world free trade price, Canada's domestic production of PPE is Q1. In autarky, Canada's domestic production of PPE will be Q2. Suppose that the Canadian government is convinced that, to deal with future crises similar to COVID-19, the domestic PPE production should be maintained at Q3 and Q1

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