Question
Suppose the relative price of good A before trade is equal to one in the home country and two in the foreign country.If the home
Suppose the relative price of good A before trade is equal to one in the home country and two in the foreign country.If the home country is a large country and the foreign country is a small country, then the relative price of good A after trade will be equal to
a.less than one
b.greater than one but less than 1.5
c.1.5
d.greater than 1.5but less than 2
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Managerial Economics
Authors: William F. Samuelson, Stephen G. Marks
8th edition
1118808940, 978-1119025900, 1119025907, 978-1119025924, 978-1118808948
