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In Isoland international trade is forbidden. The country's Minister of Economics argues that Isoland has nothing to gain from free trade, because as a cutting-edge
In Isoland international trade is forbidden. The country's Minister of Economics argues that Isoland has nothing to gain from free trade, because as a cutting-edge leader in all industries the labor productivity is higher than in the rest of the world. To underpin his view he refers to the following statistic of labor input used in the production of cars and computers.
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