A speculator who takes a long position in a market buys low and sells high, whereas a speculator who taxes a short position in a market buys high and sells low.
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Q1: Even when earning zero profit, exporters (nearly)
Q2: Suppose the price of good x in
Q4: If country A is importing good x
Q5: The smaller a country is, the less
Q6: In a world of certainty about future
Q7: For any import quota a country imposes,
Q8: Consider the case of labor outsourcing and
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