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What is range of foreign exchange rate

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Assume E is the number of shillings per marks, i.e., the direct exchange rate of foreign currency. Using the ratios of (PX/PX*) and (PY/PY*), what is the range of the foreign exchange rate E that simultaneously makes both countries willing to both export in their comparative advantage, and import in their comparative disadvantage?

Reference no: EM133235802

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