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Relative Costs and the Industrial Revolution 1. One (partial) argument for the Industrial Revolution occurring in England was the incentives created by relative prices. a)

Relative Costs and the Industrial Revolution

1. One (partial) argument for the Industrial Revolution occurring in England was the incentives created by relative prices. a) What relative prices were important in creating an incentive for technological innovation to occur in England in the 1700s? b) How did these relative prices provide an incentive for technological innovation?

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