uestion 1. This question helps you review the Ric

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uestion 1. This question helps you review the Ricardian model. 

MPL           MPL            Labor units

Cloth          Widgets

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       Home           1/100            1/200                   600

       Foreign  1/60              1/30                     120

(8). Calculate the real wage for widgets in the Home country under the free-trade equilibrium.

(5) Calculate the real wage for widgets in the Home country under closed economy equilibrium

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