Solution-Construct the world relative supply curve

Construct the world relative supply curve

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Suppose that Home has 2,400 workers, but they are only half as productive in both industries as we have been assuming. Construct the world relative supply curve and determine the equilibrium relative price. How do the gains from trade compare with those in the case described in problem 4?

Reference no: EM13868565

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Construct the world relative supply curve

Reference no: EM13868565

Reference no: EM13868565

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