EBK ECONOMICS: PRINCIPLES AND POLICY
EBK ECONOMICS: PRINCIPLES AND POLICY
13th Edition
ISBN: 9780100605930
Author: Blinder
Publisher: YUZU
Question
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Chapter 35, Problem 2TY

a)

To determine

The price ratio between the two commodities before trade.

b)

To determine

The goods imported by both nations once the free trade occurs.

c)

To determine

The price ratio under free trade.

d)

To determine

A possible post-trade price ratio.

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Answer question a, b, d, and e
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