In the example in Question 2, suppose that the United States always wishes to consume autos and

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In the example in Question 2, suppose that the United States always wishes to consume autos and textiles at the ratio of 1 auto to 10 textiles. What quantity of each good would the United States consume in autarky? What combination would the United States consume with trade and complete specialization? What would be the gains from trade?
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International Economics

ISBN: 9780078021671

8th Edition

Authors: Dennis Appleyard, Alfred Field

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