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    Macroeconomics Study Set 17
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    Exam 7: Comparative Advantage and the Gains From International Trade
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    Figure 7-1 Figure 7-1 Shows the U
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Figure 7-1 Figure 7-1 Shows the U

Question 154

Question 154

Multiple Choice

Figure 7-1 Figure 7-1   Figure 7-1 shows the U.S.demand and supply for leather footwear. -Refer to Figure 7-1.Under autarky,the producer surplus is area A) S + V. B) T + W+ X. C) V. D) S + T + V + W + X. Figure 7-1 shows the U.S.demand and supply for leather footwear.
-Refer to Figure 7-1.Under autarky,the producer surplus is area


A) S + V.
B) T + W+ X.
C) V.
D) S + T + V + W + X.

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