Illustarte what would happen to the world price if income, Ask an Expert

Economics

Analysis of absolute advantage theory.

Create an ex of a absolute advantage model by 'choosing two countries and two products

In a new diagram, and starting from a trading equilibrium, illustarte what would happen to the world price if income increased by exactly the same, small amount in both nations

	Rice	Steel
U.S	10	20
Canada	20	10

1100_absolute advantage theory..jpg

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M917981

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