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QUESTION B.3 Marcia Anthony, the Trade Minister, argues that the country should not adopt ISI. She asks you to help her explain the benefits of

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QUESTION B.3 Marcia Anthony, the Trade Minister, argues that the country should not adopt ISI. She asks you to help her explain the benefits of trade with a diagram. Please draw this diagram and explain its intuition. (5 marks) QUESTION 3.4 The Minister for Labour, John Ring, argues that closing the country's borders to international trade will create employment. Use a diagram to explain this scenario. (5 marks) QUESTION B.5 Kelly Stuart, an RMITtrained economist at the Ministry of Labour argues that the policy change will ultimately hurt consumers. Use a diagram to explain her thinking

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