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The country of Autarka does not allow international trade. In Autarka, you can buy a pure wool suit for 3 ounces of gold. Meanwhile, in
The country of Autarka does not allow international trade. In Autarka, you can buy a pure wool suit for 3 ounces of gold. Meanwhile, in neighbouring countries, you can buy the same suit for 2 ounces of gold. If Autarka were to allow free trade, would it import or export wool suits? Why
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International Business
Authors: John Daniels, Lee Radebaugh, Daniel Sullivan
16th edition
134200055, 978-0134201542, 013420154X, 978-0134200057
