Suppose that in the absence of trade,the Canadian price for bicycles was higher than the world price for bicycles.Would allowing international trade mean that Canada would import or export bicycles? Who in Canada would benefit and who would lose with a free trade policy,and would the gains be greater than the losses?

Question

Quizplus · Accepted Answer

The Answer of Suppose that in the absence of trade,the Canadian price for bicycles was higher than the world price for bicycles.Would allowing international trade mean that Canada would import or export bicycles? Who in Canada would benefit and who would lose with a free trade policy,and would the gains be greater than the losses?

Suppose That in the Absence of Trade,the Canadian Price for Bicycles