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Wheat increases - PowerPoint PPT Presentation

Chapter 5: Who Gains and Who Loses from Trade?

Chapter 5: Who Gains and Who Loses from Trade?. Within a country. SR effects of opening trade The US - exports wheat (price of wheat increases compared to pre-trade levels) US winners: landlords in wheat production, wheat farm workers US losers: cloth workers,

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Wheat increases - PowerPoint PPT Presentation

Chapter 5: Who Gains and Who Loses from Trade?