=+ c. Suppose that in autarky, Saudi Arabia produces 200 million barrels of oil and 3 million

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c. Suppose that in autarky, Saudi Arabia produces 200 million barrels of oil and 3 million cars; and suppose that the United States produces 300 million barrels of oil and 2.5 million cars. Without trade, can Saudi Arabia produce more oil andmore cars?

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Economics

ISBN: 9781319066604

5th Edition

Authors: Robin Krugman, Paul Wells

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