Suppose that home in a two-sector ie agriculture and, Ask an Expert

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Suppose that Home in a two-sector (i.e., agriculture and manufacturing) specific-factors model has a comparative advantage in manufacturing. If Home were to open up to trade, will Home’s workers be better off, worse off, or are we unable to say the impact on workers, at least in the short run, given the information that we have? Be sure to explain what accounts for the outcome.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91563361

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