Consider the following Ricardian example with many goods, using standard Ricardian assumptions. There are two countries: Argentina and Chile. The unit labor requirements for Argentina are denoted by aLi and for Chile by aLi* aLi aLi Cars 100 400 Laptops 50 150 Soybeans 25 50 Pharmaceuticals 20 30 Apparels 15 10

Microeconomics: Principles & Policy
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ISBN:9781337794992
Author:William J. Baumol, Alan S. Blinder, John L. Solow
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Chapter19: Labor And Entrepreneurship: The Human Inputs
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Consider the following Ricardian example with many goods, using standard Ricardian
assumptions. There are two countries: Argentina and Chile. The unit labor requirements for
Argentina are denoted by aLi and for Chile by aLi*
aLi
aLi
Cars
100
400
Laptops
50
150
Soybeans
25
50
Pharmaceuticals 20
30
Apparels
15
10
Transcribed Image Text:Consider the following Ricardian example with many goods, using standard Ricardian assumptions. There are two countries: Argentina and Chile. The unit labor requirements for Argentina are denoted by aLi and for Chile by aLi* aLi aLi Cars 100 400 Laptops 50 150 Soybeans 25 50 Pharmaceuticals 20 30 Apparels 15 10
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