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HomeMIT 14.04 Intermediate Microeconomic Theory, Fall 2020Lecture 13: Walrasian Equilibrium and Trade

Lecture 13: Walrasian Equilibrium and Trade

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Who are the winners and losers, capital owners or wage laborers, when an economy opens up to international trade? Is there any impact from prohibiting immigration, e.g., with a wall, if there is free movement of goods?