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Author Question: The welfare impact of a preferential trade agreement depends on the difference between the amount of ... (Read 74 times)

DyllonKazuo

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on: Jun 30, 2018
The welfare impact of a preferential trade agreement depends on the difference between the amount of new trade that takes place because of the agreement and the change in international trade patterns that arises because of it.
 
  Indicate whether the statement is true or false

Question 2

Refer to the table above. If complete specialization occurs, and France has a labor force of 30,000 hours of labor, then after trade begins it will produce
 
  A) 2000 units of grapes.
  B) 15,000 units of textiles.
  C) 2000 units of grapes and 6000 units of textiles.
  D) None of the above.


carojassy25

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Reply #1 on: Jun 30, 2018
Answer to Question 1

TRUE

Answer to Question 2

B


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