If instead of the situation given in the Work It Out problem, the price of manufacturing were

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If instead of the situation given in the Work It Out problem, the price of manufacturing were to fall by 20%, 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: 978-1319061739

4th Edition

Authors: Robert C Feenstra ,Alan M Taylor

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