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To derive the equilibrium relative price under autarky using a Ricardian model, we only require information on labor productivities. (true or false) explain One cannot
- To derive the equilibrium relative price under autarky using a Ricardian model, we only require information on labor productivities. (true or false) explain
- One cannot use the Ricardian model to examine how international trade affects wage inequality within a country. (true or false explain)
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International Trade
Authors: John McLaren
1st edition
0470408790, 978-0470408797
