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Combine what you have learned, for example, you find that China’s exports have increased recently, and then predict the Demand of Yuan will increase, so it is predicted that the RMB will appreciate, and at this ti
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1. The Ricardian Model of Trade. Consider a world of two countries, France (F ) and Germany (G), with the same labor endowment: L¯F = L¯G = 40 (you can think
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