In a world of certainty about future demand and supply, speculators cause price fluctuations across time to decrease.
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Q1: Even when earning zero profit, exporters (nearly)
Q2: Suppose the price of good x in
Q3: A speculator who takes a long position
Q4: If country A is importing good x
Q5: The smaller a country is, the less
Q7: For any import quota a country imposes,
Q8: Consider the case of labor outsourcing and
Q9: The larger a country is relative to
Q10: When tariffs on imports are eliminated, everyone
Q11: If worker productivity is the same in
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