Answer to Question #135247 in Macroeconomics for Jacob McDonald

Question #135247
Suppose that the world price of lithium-ion batteries is $150. If the US were to move from autarky to free trade, what would be the gains from trade?
1
Expert's answer
2020-09-28T09:55:15-0400

US will be able to import lithium-ion batteries at a cheap prices since there will be no trade barriers.


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