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Maldives has 300 units of labor while there are 500 units of labor in India. Information about the unit labor requirements is given below: Table:
Maldives has 300 units of labor while there are 500 units of labor in India. Information about the unit labor requirements is given below: Table: Unit Labor Requirements Maldives India Corn 15 20 Rice 10 20 What is the relative price of rice to corn in Maldives if the economy does not participate in international trade
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