Commodity prices have been decimated in 2015: natural gas down 38.5% and nickel down nearly 43%. The
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Commodity prices have been decimated in 2015: natural gas down 38.5% and nickel down nearly 43%.
The United States imports nickel from Canada and exports natural gas to Mexico. How do these price falls change the U.S. gains from trade in each good and the distribution of the gains?
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Canada has a comparative advantage in producing nickel which the United States imports A ...View the full answer
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