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    Exam 8: Welfare Economics and the Gains From Trade
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    Suppose There Are Two Goods: Guns and Roses
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Suppose There Are Two Goods: Guns and Roses

Question 74

Question 74

Essay

Suppose there are two goods: guns and roses.Also suppose Australia is initially closed to trade.When international trade is opened,Australia chooses to sell guns and buy roses in the world markets.
Suppose there are two goods: guns and roses.Also suppose Australia is initially closed to trade.When international trade is opened,Australia chooses to sell guns and buy roses in the world markets.

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