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Question in the screenshot Below question is in the screenshot In autarky, the commodity prices in two nations will differ due to the following reason/s:
Question in the screenshot Below
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In autarky, the commodity prices in two nations will differ due to the following reason/s: l. The factor endowments in the two countries are different and therefore the production-possibility curves in the two countries are different. ||. Tastes and preferences are different in the two countries and therefore the community indifference curves in the two countries are different. Ill. Trade would not be possible because the international price ratio would be the same in the two countries. \\ a. ll. " b. L". 7' C. |,I||. " d. |,||,|||Step by Step Solution
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