Innovators in a country develop new technology which revolutionizes the way minerals can be extracted in mining

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Innovators in a country develop new technology which revolutionizes the way minerals can be extracted in mining industries, reducing the capital cost considerably. How would you expect this innovation will affect patterns of trade in subsequent years across the globe?

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Economics

ISBN: 9781473768543

5th Edition

Authors: Gregory Mankiw, Mark P. Taylor

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