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True/False/Uncertain question Suppose the country of EconoLandis currently operating as an autarky and not participating in foreign trade. The government has noticed that the market
True/False/Uncertain question
Suppose the country of EconoLandis currently operating as an autarky and not participating in foreign trade. The government has noticed that the market for wheat is such that the autarky price is $8 and the world price is $4
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Is it true false, or uncertain that opening the domestic economy will result in Pareto improvement for EconoLand in the market for wheat
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