(Figure: Home and Foreign Autarky Equilibria) According to the Graph

question 116

Multiple Choice

(Figure: Home and Foreign Autarky Equilibria) According to the graph, which nation has a higher no-trade equilibrium relative price for computers (in terms of shoes) ?

• A) Home
• B) Foreign
• C) Home and Foreign have the same no-trade equilibrium relative price.
• D) neither Home nor Foreign

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Definitions:

Default Judgement

A judgment entered by a court for the plaintiff when the defendant fails to respond to a legal action.

Memorandum of Law

A detailed written document prepared by an attorney to present legal arguments and precedents in support of a case.

Motion to Dismiss

A legal request asking a court to dismiss a case mainly on the grounds that even if all facts claimed are true, there is no legal basis for a lawsuit.

Affidavit

A written statement confirmed by oath or affirmation, used as evidence in court.