What will happen to a land owner's nominal rental and real rental when trade causes Home country's
relative price of manufactures to go up? Explain using the case where PM increases and PA stays
unchanged after trade compared to no trade.
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Answer:
This answer only can solve in graph paper only.
Hint: 7-70
6-60
5-50
4-40
3-30
2-20
1-10
0-0
Explanation:
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