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International Trade 2. a) In light of the Leamer equation, distinguish between the different cases that could arise and how it resolved the Leontief Paradox.

International Trade

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2. a) In light of the Leamer equation, distinguish between the different cases that could arise and how it resolved the Leontief Paradox. b) In the presence of tariff retaliation, under what conditions would there be a case for welfare improving optimal tariff? Illustrate your

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