=+c. Explain at what price of computers (in terms of shirts) the two countries might trade.

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Brief Principles Of Macroeconomics

ISBN: 9780324590371

5th Edition

Authors: N. Gregory Mankiw

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Question Posted: Sep 27, 2024 03:00 AM

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=+c. Explain at what price of computers (in terms of shirts) the two countries might trade.
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=+numerical example and show it on your graph. Which country would benefit from trade? Explain.
=+d. Suppose that China catches up with American productivity so that a Chinese worker can produce 100 shirts or 20 computers. What pattern of trade would you predict now?
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=+c. Explain at what price of computers (in terms of shirts) the two countries might trade.

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Brief Principles Of Macroeconomics

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