What would happen if DW ( US + UK ) intersected the horizontal portion of SW (
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What would happen if DW ( US + UK ) intersected the horizontal portion of SW ( US + UK ) at PW / PC = 2 / 3 and 120W in the left panel of Figure 2.3? What would this imply for specialization in production and the distribution in the gains from trade between the two nations?
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ISBN: 978-0324655223
11th Edition
Authors: Kenneth W. Clarkson, Roger LeRoy Miller, Gaylord A. Jentz, F
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