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Question 1. International Goods Market (Total 24 points, 6 each) In the Ricardian setting of world as in Chapter 2, Home has comparative advantage in

Question 1. International Goods Market (Total 24 points, 6 each) In the Ricardian setting of world as in Chapter 2, Home has comparative advantage in producing wheat and foreign in cloth. When the two countries get involved in trade, the international goods market for wheat is given by the following graph. (2\

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