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In the multigood, singlefactor Ricardian model, the decisive factor in determining which country will produce a particular good is O A. the identication of the
In the multigood, singlefactor Ricardian model, the decisive factor in determining which country will produce a particular good is O A. the identication of the lowest cost producer. 0 B. the domestic wage. O C. the domestic labor requirement. 0 D. the prices of the other goods being traded. In the multigood, singlefactor Ricardian model, assume the following: 3L8 = the labor requirement to produce a package of shirts in Foreign 3L3 = the labor requirement to produce a package of shirts in Home w" = the hourly wage for shirt workers in Foreign w = the hourly wage for shirt workers in Home Which of the following expressions indicates that Foreign will be the lowest cost producer of shirts? OA. * 1. O B. l. * aleaLS > wlw. waiLS > w 3L3- 0 0. w > w* 0 D. * - 3L3
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