econ writing #2.docx - Riley Johnson Econ writing#2 11382498 1 Autarky is when there is no trade between countries The(p)=2.5 the(Q)=2.5 Dx=3.75 Sx^1=

# econ writing #2.docx - Riley Johnson Econ writing#2...

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Riley Johnson 10/11/13 Econ writing #2 11382498 1. Autarky is when there is no trade between countries. The (p*)=2.5, the (Q*)=2.5 Dx=3.75, Sx^1= 1.25, Px=1.25 2. (C.S.)=3.125, (P.S.)=3.125 New (C.S.) =8, New (P.S.) =.5 3. Imports are goods and services purchased from other countries. 4. (C.S.) =1.125 (P.S.)=6.125 and quantity of imports= 1
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