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1. Consider the following unit labor requirements: Wheat Cloth (3) 1 24 8 Britain France 6 L (12) 2 a. Given that British productivity is
1. Consider the following unit labor requirements: Wheat Cloth (3) 1 24 8 Britain France 6 L (12) 2 a. Given that British productivity is higher in both sectors, why should Britain trade with France? Which good will each country export under free trade and Why? b. Give a range for the free-tree price of wheat relative to cloth, and justify it
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Foundations In Personal Finance
Authors: Dave Ramsey
1st Edition
0981683967, 978-0981683966
