One of the basic economic laws is the law of one price. Does it imply that the

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One of the basic economic laws is the “law of one price.” Does it imply that the U.S. wage level will have to equal the Chinese wage level if free trade is allowed? Why or why not?

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Macroeconomics

ISBN: 978-1259663048

10th edition

Authors: David C. Colander

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Question Posted: Dec 05, 2018 05:39 AM

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One of the basic economic laws is the law of one price. Does it imply that the

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The law of one price states that the price of equivalent goods will cost the same across c...View the full answer

Macroeconomics

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