home opens up to trade. How does home's export supply curve change, if at all, the population growth has occurred, compared to its export supply with only 25 ers? Draw the export supply curve for home for 25 workers and for 35 workers. will happen to the equilibrium relative price of wheat under free trade? Show using table diagram. Hint: Think about what happens to the foreign import demand when only home's population grows but foreign's population stays constant.

home opens up to trade. How does home's export supply curve change, if at all, the population growth has occurred, compared to its export supply with only 25 ers? Draw the export supply curve for home for 25 workers and for 35 workers. will happen to the equilibrium relative price of wheat under free trade? Show using table diagram. Hint: Think about what happens to the foreign import demand when only home's population grows but foreign's population stays constant.

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter17: International Trade

Section: Chapter Questions

Problem 2.6P

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