Question: I'm confused about how to model this question using the basic trade model + True/False Explain: According to the Basic Trade Model, if we were

I'm confused about how to model this question using the basic trade model

I'm confused about how to model this question using the basic trade

+ True/False Explain: According to the Basic Trade Model, if we were to think of the WTO as a big free-trade club, where member-countries trade freely with each other and do not trade at all with non-members, then a country like India (already a WTO member at the time that China joined the WTO in 2001) should have opposed the WTO membership application of China

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