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The world price of pens is $2.00. Suppose the pre-trade price of pens in Vietnam is $1.50. What would happen if Vietnam allowed trade in
The world price of pens is $2.00. Suppose the pre-trade price of pens in Vietnam is $1.50. What would happen if Vietnam allowed trade in pens?Imagine Scotland has decided to start trading with other countries. Once it allows trade with other nations its economy is importing oranges, exporting whisky, and not importing or exporting chairs. What likely happened to consumer surplus in Scotland after trade?Imagine Scotland has decided to start trading with other countries. Once it allows trade with other nations its economy is importing oranges, exporting whisky, and not importing or exporting chairs. What likely happened to consumer surplus in Scotland after trade
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