If the Autarkic and World Relative Prices Are Equal,then

question 63

Multiple Choice

If the autarkic and world relative prices are equal,then

• A) consumers are better off with trade than without trade.
• B) the country has the option of supplying either good in the world market.
• C) no gains from trade are possible.
• D) the world markets are not in equilibrium.

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Factor Analysis

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