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Consider the following scenario represented in the diagram below: The equilibrium in the closed economy is such that the wage paid is w* With open
Consider the following scenario represented in the diagram below:
- The equilibrium in the closed economy is such that the wage paid is w*
- With open borders,foreigners are willing to work for w**
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Using Excel For Principles Of Econometrics
Authors: R Carter Hill, Genevieve Briand
4th Edition
1118032101, 9781118032107
