Which theorem states that free trade leads to an equalization of wages and rental rates in...

Which theorem states that free trade leads to an equalization of wages and rental rates in two trading countries? Explain How and Why wages and rental rates ultimately equalize.

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Rahul Sunny answered 1 year ago

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(1). Which theorem states that free trade leads to an equalization of wages and rental rates...

(1). Which theorem states that free trade leads to an equalization of wages and rental rates in two trading countries? Explain How and Why wages and rental rates ultimately equalize. (2) What happens to the production of both goods in a country when there is an increase in labor? Which theorem will you apply here? Give diagrams to show this and explain clearly

Essay Questions. Explain carefully using theories. Which theorem states that free trade leads to an equalization...

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