Please help

Homework (Ch 09) Back to Assignment Attempts 1 Keep the Highest 1 / 3 2. Winners and losers from free trade Consider the market for meekers in the imaginary economy of Meekertown. In the absence of international trade, the domestic price of meekers is $20. Suppose that the world price of meekers is $23. Assume that Meekertown is too small to influence the world price of meekers once it enters the international market. If Meekertown allows free trade, then it will export _ meekers. Given current economic conditions in Meekertown, complete the following table by indicating whether each of the statements is true or false. Statement True False ting Meekertownian consumers were worse off without free trade than they are with it. OO Meekertownian producers are worse off under free trade than they were before. True or False: When a country is too small to affect the world price, allowing free trade will sometimes decrease total surplus in that country, regardless of whether it imports or exports as a result of international trade. O True O False Grade It Now Save & Continue Continue without saving