Essay
(a) Using the neoclassical model, build the case why it is beneficial for a country to movefrom a situation of autarky to a situation of free trade.
(b) Briefly, why can the neoclassical model of trade be regarded as "better" in some respects than the Classical model of trade?
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(a) The neoclassical model argues that m...View Answer
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Correct Answer:
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