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QUESTION 6. The Balassa-Samuelson Effect. 25 points. The United States (US) and India (IND) can both produce tradable (T) and non-tradable (N) goods. Both goods

QUESTION 6. The Balassa-Samuelson Effect. 25 points. The United States (US) and India (IND) can both produce tradable (T) and non-tradable (N) goods. Both goods are produced using only labor and according to the following production mction

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