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Consider a country A that is closed to international trade. Suppose that when this country opens its borders for trade and allows market forces to
Consider a country A that is closed to international trade. Suppose that when this country opens its borders for trade and allows market forces to work freely, it begins to import textiles, a labor intensive good. a. What does this imply about country A's factor endowments and why? b. What is likely to be the effect of trade on wages? Explain why? c. Which group of citizens in country A w
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