=+4. Suppose that instead of 1,200 workers, Home has 2,400. Find the equilibrium relative price. What can

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=+4. Suppose that instead of 1,200 workers, Home has 2,400. Find the equilibrium relative price. What can you say about the efficiency of world production and the division of the gains from trade between Home and Foreign in this case?

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International Economics

ISBN: 9780132146654

9th Edition

Authors: Paul R. Krugman, Maurice Obstfeld, Marc Melitz

Question Posted: Oct 02, 2024 01:00 AM

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=+4. Suppose that instead of 1,200 workers, Home has 2,400. Find the equilibrium relative price. What can

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International Economics

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