Some Americans fear that as countries such as China and India become more productive in industries such
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Some Americans fear that as countries such as China and India become more productive in industries such as computers and computer programming, once dominated by the United States, the wages of workers in the United States will fall. Should U.S. workers fear foreign competition for this reason according to the Ricardian model? Briefly explain why or why not.
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Suppose the initial productivity in China and the United States is given by the first two columns in ...View the full answer
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