Question
What happens to the welfare of a large nation as a result of the following forms of technical progress if consumption is traded neutral? (i)
What happens to the welfare of a large nation as a result of the following forms of technical progress if consumption is traded neutral?
(i) Neutral technical progress in the production of the exportable good.
(ii) Neutral technical progress in the production of the importable good.
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Microeconomics
Authors: Austan Goolsbee, Steven Levitt, Chad Syverson
1st Edition
978-1464146978, 1464146977
