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V2 - _ Consider a small open economy that is described by the following system: Es,Y, = Q where O, = endowment of good i;
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- _ Consider a small open economy that is described by the following system: Es,Y, = Q where O, = endowment of good i; i = {A, B, C) Y, = output of good j; j = (1, 2, 3; s. - ratio of the use of endowment / as input in the production of good / to the total endowment of input i 0Step by Step Solution
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