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HOMEWORK #7 Answer Key - Yale University
Pairs of Red Socks per Worker per Hour Pairs of White Socks per Worker per Hour Boston 3 3 Chicago 2 1 (a) Without trade, what is the price of white socks (in terms of red socks) in ... shirt in America costs 1/100 worker-years (1 worker working for 1 year), and freeing up the necessary 1/100 worker-years in America would mean (1/100 * 20) = 0 ...
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