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Brief Principles of Macroeconomics...

8th Edition
N. Gregory Mankiw
ISBN: 9781337091985

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BuyFindarrow_forward

Brief Principles of Macroeconomics...

8th Edition
N. Gregory Mankiw
ISBN: 9781337091985
Textbook Problem

If two parties trade based on comparative advantage and both gain, in what range must the price of the trade lie?

To determine

The comparative advantage and benefit from trade.

Explanation

If two parties trade based on comparative advantage and both benefitted from the trade...

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