Home opens up to trade. The relative price of apparel is 0.67 under free trade. Home...
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Home opens up to trade. The relative price of apparel is 0.67 under free trade. Home produces 10 million of apparel and 3 million of plastics. In the figure above, indicate the point for this production pattern as Point B, and draw the price line under free trade. Plastics (millions) 4 Ai 8 Apparel (millions) Home opens up to trade. The relative price of apparel is 0.67 under free trade. Home produces 10 million of apparel and 3 million of plastics. In the figure above, indicate the point for this production pattern as Point B, and draw the price line under free trade. Plastics (millions) 4 Ai 8 Apparel (millions)
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