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  3. Study Set
    International Economics Study Set 9
  4. Exam
    Exam 4: Trade and Resources: the Heckscher-Ohlin Model
  5. Question
    (Figure: a Country's Before and After Trade Equilibria) Using the Graph

(Figure: a Country's Before and After Trade Equilibria) Using the Graph

Question 70

Question 70

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(Figure: A Country's Before and After Trade Equilibria) Using the graph, how can you decide whether the nation has "gained" from trade and has a higher standard of living? (Figure: A Country's Before and After Trade Equilibria) Using the graph, how can you decide whether the nation has  gained  from trade and has a higher standard of living?

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