6. If instead of the situation given in Problem 5, the price of manufacturing were to fall...

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6. If instead of the situation given in Problem 5, the price of manufacturing were to fall by 10%, would landowners or capital owners be better off? Explain. How would the decrease in the price of manufacturing affect labor? Explain.

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International Trade

ISBN: 9781429278447

3rd Edition

Authors: Robert C. Feenstra, Alan M. Taylor

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Question Posted: Nov 11, 2024 05:01 AM

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6. If instead of the situation given in Problem 5, the price of manufacturing were to fall...

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International Trade

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