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Integrated world economy diagram
A box diagram, somewhat analogous to an Edgeworth box, depicting alternative allocations of world endowments of two factors between two countries. It is used to illustrate the conditions for factor price equalization. See figure.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Economy
- Category: International economics
- Company: University of Michigan
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