We have focused on the case of trade involving only two countries. Suppose that there are many
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We have focused on the case of trade involving only two countries. Suppose that there are many countries capable of producing two goods and that each country has only one factor of production, labor. What could we say about the pattern of production and trade in this case? (Hint: Try constructing the world relative supply curve.)
LO.1
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Related Book For
International Trade Theory And Policy
ISBN: 978-1292417233
12th Global Edition
Authors: Paul Krugman ,Maurice Obstfeld ,Marc Melitz
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