Starting with the production frontiers for Nation 1 and Nation 2 shown in Figure 5.4, show graphically

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Starting with the production frontiers for Nation 1 and Nation 2 shown in Figure 5.4, show graphically that sufficiently different tastes in the two nations could conceivably neutralize the difference in their factor endowments and lead to equal relative commodity prices in the two nations in the absence of trade.
Figure 5.4
Starting with the production frontiers for Nation 1 and Nation
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International Economics

ISBN: 978-1119915737

11th edition

Authors: Dominick Salvatore

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