Principles of Economics (Second Edition)
Principles of Economics (Second Edition)
2nd Edition
ISBN: 9780393614077
Author: coppock, Lee; Mateer, Dirk
Publisher: W. W. Norton & Company
Question
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Chapter 32, Problem 2QFR
To determine

To explain:

The impact on standard of living if all the foreign trade is eliminated.

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Students have asked these similar questions
If a country closes off to trade and prices remain unchanged, what does that mean?
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