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  • 15-12-2021
  • Business
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How does low unemployment affect international trade?

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savannamp
savannamp savannamp
  • 15-12-2021

Answer:

Impact of international trade on unemployment

In a relatively skill-abundant country, international trade increases the relative price of the skill-intensive products. This reduces the unemployment rate of skilled workers and increases the unemployment rate of unskilled workers.

Explanation:

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