Answered: ifa country goes from autarky to…

ifa country goes from autarky to importing a good that they have a comparative advantage in, then producer surplus wil and consumer surplus wil OA Rise, Rise Ob Fat Fal Oe Rise, Fall Od. Fal Rise

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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If a country goes from autarky to importing a good that they have a comparative advantage in, then producer surplus
will
and consumer surplus will
Oa Rise; Rise
O b Fat; Fal
Oc. Rise; Fal
Od. Fall, Rise

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