8. In the specific-factors model, assume that the price of agricultural goods decreases while the price of

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8. In the specific-factors model, assume that the price of agricultural goods decreases while the price of manufactured goods is unchanged

(DPA /PA < 0 and DPM /PM = 0). Arrange the following terms in ascending order:

DRT/RT DRK/RK DPA/PA DPM/PM DW/W Hint: Try starting with a diagram like Figure 3-5, but change the price of agricultural goods instead.

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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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8. In the specific-factors model, assume that the price of agricultural goods decreases while the price of

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International Trade

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