Given: (1)two Nations (1 and 2)which Have the Same Technology

question 22

Essay

Given: (1)two nations (1 and 2)which have the same technology but different factor endowments and tastes, (2)two commodities (X and Y)produced under increasing costs conditions,and (3)no transportation costs,tariffs,or other obstructions to trade.Prove geometrically that mutually advantageous trade between the two nations is possible.Note: Your answer should show the autarky (no-trade)and free-trade points of production and consumption for each nation,the gains from trade of each nation,and express the equilibrium condition that should prevail when trade stops expanding.)

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Any reminder of death.

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An inscription, often on a gravestone, in memory of a deceased person.

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A burial ground in the United States, which may refer to any cemetery within the country or those specifically for American military personnel.

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A historic cemetery founded in 1831 in Cambridge, Massachusetts, known for its significant cultural and natural heritage.