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Suppose that trade costs add 50% to the cost of each good when shipped, which goods would the home country then export and which goods would it import? will there be any goods that are not internationally traded? assume that the relative wage is 3. Good HOME ULR; FOREGIN ULR; 1 1 20 2 5 15 3 3 12 4 6 18 5 12 8

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Macroeconomics, Economics

Category:- Macroeconomics
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