=+4. Suppose that Foreign had been a much larger country, with domestic demand (Notice that this implies
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=+4. Suppose that Foreign had been a much larger country, with domestic demand
(Notice that this implies that the Foreign price of wheat in the absence of trade would have been the same as in problem 2.)
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International Economics
ISBN: 9780132146654
9th Edition
Authors: Paul R. Krugman, Maurice Obstfeld, Marc Melitz
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