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Unformatted text preview: for individual economic decisions? (e.g. is a strategy of self sufficiency, where I try to produce goods for my own consumption, optimal?) v) Discuss the relationship between the existence of gains from trade and the role of money? vi) What are trading frictions? Are there any trading frictions in standard microeconomic models (like the Edgeworth box ). vii) Discuss the relationship between trading frictions and the role of money?...
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This note was uploaded on 01/26/2012 for the course ECON 401 taught by Professor Burbidge,john during the Fall '08 term at Waterloo.
- Fall '08