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uestion 1. This question helps you review the Ric
uestion 1. This question helps you review the Ricardian model.
MPL MPL Labor units
Cloth Widgets
Home 1/100 1/200 600
Foreign 1/60 1/30 120
(8). Calculate the real wage for widgets in the Home country under the free-trade equilibrium.
(5) Calculate the real wage for widgets in the Home country under closed economy equilibrium
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