Evaluate the position utilizing what you have learned

Reference no: EM132177942

Question: 1. What general conditions must hold for one to be able to use community indifference curves to well-being in a country and demonstrate gains from international trade?

2. The United States has had an embargo on trade with Cuba for over 50 years, but pressure is increasing to relax it. Opponents of ending the embargo argue that opening trade between the United States and Cuba would benefit Cuba and hurt the United States by injuring U.S. producers of goods that compete with potential Cuban exports. Evaluate this position utilizing what you have learned in this chapter. represent consumer.

Reference no: EM132177942

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