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Consider the example of trade between the United States and Thailand described in the tables below. Total Production Before Trade Suppose that each country currently
Consider the example of trade between the United States and Thailand described in the tables below. Total Production Before Trade Suppose that each country currently has 90 workers and each decides to transfer some amount of labor toward its area of comparative advantage. The United States transfers 10 workers away from socks toward producing cell phones. Thailand transfers 18 workers away from cell phones toward producing socks. What will be the new total output of socks for both countries combined
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