Comment on the following quotation: The assumptions necessary to bring about complete equality in the returns to

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Comment on the following quotation: “The assumptions necessary to bring about complete equality in the returns to homogeneous factors among nations are so restrictive and unrepresentative of actual reality that the theory can be said to prove the opposite of what it seems to say—namely, that there is no chance whatsoever that factor prices will ever be equalized by free commodity trade.”
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International Economics

ISBN: 978-1119915737

11th edition

Authors: Dominick Salvatore

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