Suppose that in world markets the relative price of S is lower than country As autarky price.

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Suppose that in world markets the relative price of S is lower than country A’s autarky price. Would A be a net exporter or importer of S? What would be the case for good T in the country A in this situation?

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International Economics

ISBN: 9780321783868

9th Edition

Authors: Steven Husted , Michael Melvin

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