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Which of the Following Scenarios Would Be an Example of What

question 17

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Which of the following scenarios would be an example of what C. Wright Mills had in mind when he said that unions were "managers of discontent?"

Grasp the concept of autarky, its definitions, and implications for a country's economy.
Identify and differentiate between goods and services traded internationally.
Apply the concept of comparative and absolute advantages in international trade and their roles in determining trade patterns.
Understand the models explaining international trade, such as Ricardian and Heckscher-Ohlin models, and their assumptions.

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