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Essay

International Trade Relations

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Issue:

Business

 

Written by:

Thomas W

 

Date added:

April 1, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

5 / 1153

 

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5235 times

 

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Essay content:

This theory was tested in 1952 by MacDougall who used data on 25 products from 1937 to compare labor productivity and exports for the United States and Great Britain. In this way, MacDougall tested whether their relative exports to third countries were connected with their labor productivities. The results which MacDougall found were inconsistent with the simple Ricardian model...
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This theory was tested in 1952 by MacDougall who used data on 25 products from 1937 to compare labor productivity and exports for the United States and Great Britain. In this way, MacDougall tested whether their relative exports to third countries were connected with their labor productivities. The results which MacDougall found were inconsistent with the simple Ricardian model...
displayed 300 characters

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