Suppose that Japan is a net exporter of automobiles. If a large country like the United States
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Suppose that Japan is a net exporter of automobiles. If a large country like the United States moves from autarky to free trade in automobiles, how will the price of automobiles sold in Japan change? How will the amount of automobiles exported change?
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Because the United States both produces and consumes a lot of cars when it enters the ...View the full answer
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