Microeconomics
Microeconomics
11th Edition
ISBN: 9781260507140
Author: David C. Colander
Publisher: McGraw Hill Education
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Chapter 9.1, Problem 2Q
To determine

The percentage gain from the trade.

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If a country closes off to trade and prices remain unchanged, what does that mean?
Since many companies cut jobs or outsource overseas when they cannot compete with foreign companies, does that mean free trade is a bad idea and does not serve our interests?
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