Consider a two-good, two-country economy. Under autarky, Home takes 48 million of unskilled labor and...
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Accounting
Consider a two-good, two-country economy.
Under autarky, Home takes 48 million of unskilled labor and 40 million of skilled labor to produce 8 million of apparel. Home takes 16 million of unskilled labor and 24 million of skilled labor to produce 4 million of plastics.
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