Price (dollars per unit) 30 25 C. 20 15 10 O 2 6 8 Quantity (millions of units per year) a. higher; lower b. higher; higher lower; higher d. lower; lower S 4 World price 34). Compared with autarky (No Trade, international trade leads to domestic production in exporting domestic production in import- industries and competing industries.

Price (dollars per unit) 30 25 C. 20 15 10 O 2 6 8 Quantity (millions of units per year) a. higher; lower b. higher; higher lower; higher d. lower; lower S 4 World price 34). Compared with autarky (No Trade, international trade leads to domestic production in exporting domestic production in import- industries and competing industries.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter33: International Trade

Section: Chapter Questions

Problem 10RQ: What factors does Paul Krugman identity that supported expanding international trade in the 1800s?

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