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Will workers be better or worse off following the opening of trade with other countries?

Will workers be better or worse off following the opening of trade with other countries?<br/>

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Asked by Raghaaadboodai, Last updated: Nov 09, 2024

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John Smith

John Smith

John Smith
John Smith

Answered Feb 21, 2017

Workers may be better off or worse off because the real wage in terms of the agricultural good falls and the real wage in terms of the manufactured good rises.
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