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-Given the Information in the Table Above

question 5

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  -Given the information in the table above.If these two countries trade these two goods with each other in context of the Ricardian model of comparative advantage,what is the lower limit for the price of cloth?
-Given the information in the table above.If these two countries trade these two goods with each other in context of the Ricardian model of comparative advantage,what is the lower limit for the price of cloth?


Definitions:

Inhibit

To restrain or hold back an action, process, or expression, often by regulation or external constraint.

Independent Person

An individual characterized by self-reliance and autonomy in thoughts and actions, often prioritizing personal goals over group objectives.

Citizen Of Turkey

An individual who is legally recognized as a national of the Republic of Turkey, either by birth or naturalization.

Obligated

The condition of being morally or legally bound to do something, carrying a sense of duty or requirement.

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