P COUNTRY 1 25 20 15 10 5 d1 EQ 0 0 3 6 9 1215182124 s1 SP IP INTERNATIONAL MARKET P 25 20 15 10 5 0 0 3 6 9 1215182124 Under open trade, who will gain and who will lose in country 2? O a) consumers gain and producers lose. b) producers gain and consumers lose. O c) both producers and consumers lose. O d) the poor lose and the rich gain. S2 S1 -IP D2 D1 25 P s2 20 15 10 5 d2 0 0 3 6 9 1215182124 Q IP

P COUNTRY 1 25 20 15 10 5 d1 EQ 0 0 3 6 9 1215182124 s1 SP IP INTERNATIONAL MARKET P 25 20 15 10 5 0 0 3 6 9 1215182124 Under open trade, who will gain and who will lose in country 2? O a) consumers gain and producers lose. b) producers gain and consumers lose. O c) both producers and consumers lose. O d) the poor lose and the rich gain. S2 S1 -IP D2 D1 25 P s2 20 15 10 5 d2 0 0 3 6 9 1215182124 Q IP

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter3: Interdependence And The Gains From Trade

Section: Chapter Questions

Problem 5CQQ

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