Economy, asked by lalitlakhotia4, 8 months ago

How does trade affect a worker's real wage

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Answered by shivyakikloo

5

Answer:

Cheesers' wages could be higher since wine workers cannot shift to the cheese industry to take advantage of the higher wage. ... When the countries move from autarky to free trade, the price ratio in the US, , rises. The result is a redistribution of income as shown in the Table.

Answered by Anonymous

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