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detailed answer. assume it as a 10 mark question Consider two countries, Canada and China. Canada has a comparative advantage in oil production, and China

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detailed answer. assume it as a 10 mark question

Consider two countries, Canada and China. Canada has a comparative advantage in oil production, and China in shoe production. Suppose China grows biased to oil production. Analyze the effect of this biased growth on Canadian welfare. Could this growth hurt Canada? Explain (support your answer with diagrams whenever possible)

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