For each of the following goods and services, indicate whether you expect LOOP to hold. Explain briefly

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For each of the following goods and services, indicate whether you expect LOOP to hold. Explain briefly why you believe each good or service satisfies the assumptions necessary for LOOP to hold.

a. Wheat

b. Child care

c. Automobiles

d. Milk

e. MP3 players

f. Attorney services

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International Economics

ISBN: 9781319218508

5th Edition

Authors: Robert C. Feenstra, Alan M. Taylor

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Question Posted: Jan 05, 2023 01:23 AM

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For each of the following goods and services, indicate whether you expect LOOP to hold. Explain briefly

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a LOOP holds Because wheat is not differentiated and traded in international markets it is relativel...View the full answer

International Economics

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