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This question considers the Heckscher-Ohlin-Samuelson model that we are studying. Suppose Country H is not trading and experiences an increase in its supply of labour.
This question considers the Heckscher-Ohlin-Samuelson model that we are studying. Suppose Country H is not trading and experiences an increase in its supply of labour. Use a PPF diagram to depict the effect of this shock on aggregate outputs and the autarky price 899.10 7.56 17.97 4.10 9.76 3 ratio of shoes to computers. Provide intuition for the direction of the change in the outputs
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Macroeconomics
Authors: David C. Colander
10th edition
1259663043, 1259663048, 978-1259663048
