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d. Suppose that under trade the price of chocolates is $40 and the price of wool is $52. Find wages and returns to land in

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d. Suppose that under trade the price of chocolates is $40 and the price of wool is $52. Find wages and returns to land in both countries under trade. WE r= e. Who benefits and who loses from trade in each country? Circle the right answer. Australia Labor: benefits / loses Land: benefits / loses Belgium Labor: benefits / loses Land: benefits / loses

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