2. One of the basic economic laws is the law of one price. Does it imply that...

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2. One of the basic economic laws is the “law of one price.”

Does it imply that the U.S. wage level will have to equal the Chinese wage level if free trade is allowed? Why or why not?

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Microeconomics

ISBN: 9780077501808

9th Edition

Authors: David Colander

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