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In June 2023 the U.S. exports of beer were $0.5 billion while U.S. imports were $6. 5 billion. Calculate the index of intra industry trade
In June 2023 the U.S. exports of beer were $0.5 billion while U.S. imports were $6. 5 billion. Calculate the index of intra industry trade for beer. b. What value would the index intraindustry trade take if all firms acted according to the Ricardian model
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