In the specific-factors model, assume that the price of agricultural goods decreases while the price of manufactured
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∆RT/RT ∆RK/RK ∆PA/PA ∆PM/PM ∆W/W
Try starting with a diagram such as Figure 3-5 but change the price of agricultural goods instead.
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Related Book For
International Economics
ISBN: 978-1429278447
3rd edition
Authors: Robert C. Feenstra, Alan M. Taylor
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