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Unformatted text preview: opposition to it? 2. Revisit England and Portugal a. Gains from trade based on comparative advantage b. Who wins from trade and why c. Who loses from trade and why d. What, if anything, to do about it C. Supply and demand in an open economy 1. Importer a. Supply b. Demand c. Consumer surplus d. Producer surplus 2. Exporter a. Supply b. Demand c. Consumer surplus d. Producer surplus III. NEXT TIME A. Finish Chapter 9: “International Trade Policy…”...
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