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These questions help you review the Introduction and the Ricardian mode. For each statement, determine whether it's True or False, and then explain why.. ??

These questions help you review the Introduction and the Ricardian mode. For each statement, determine whether it's True or False, and then explain why..

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Marginal Product of Labor Labor Force Shirts Apples Home MPLs = 2 MPLA = 5 L =100 Foreign MPLs* = 1 MPLA* = 2 L* = 240 For Questions 9-11 below, assume that the Home and Foreign countries are engaged in free trade. 9. The Foreign country exports apples under free trade. 10. The Foreign country's terms-of-trade must be above 2 under free trade. 11. If we know that the Home country consumes 280 apples, we can infer that the Foreign country imports 220 apples

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