How did the United States comparative advantage change in the period from about 1865 to 1914? What is Engel’s law? How does it relate to the changes in our economy international trade around that Post Civil War period?
How did the United States comparative advantage change in the period from about 1865 to 1914? What is Engel’s law? How does it relate to the changes in our economy international trade around that Post Civil War period?
Chapter34: World Trade Equilibrium
Section: Chapter Questions
Problem 9E
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