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The world price of a pair of shoes is $20. Explain how consumers and producers in Brazil

3.The world price of a pair of shoes is $20. Explain how consumers and producers in Brazil gain or lose as a result of international trade. Show the change in Brazil’s purchases, production, and price of a pair of shoes.

4.Who in the United States loses from free trade in shoes with Brazil? Explain why.

Dec 05 2019 View more View Less

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