How has globalization affected trade restrictions

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Q1. Under Illustrate what conditions would an economy is operating inside its PPF? On its PPF? Outside its PPF?

Q2. Do kinks in budget constraints always produce non-convexities in choice sets?

Q3. In the 21st century Explain how has globalization affected trade restrictions also the development of common markets? Explain how does this trend impact international trade decisions for businesses?

Reference no: EM1313202

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