Draw for Nation 2 a figure analogous to the top panel of Figure 7.7 under the following…

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Draw for Nation 2 a figure analogous to the top panel of Figure 7.7 under the following assumptions:

(a) Only the amount of labor doubles in Nation 2.

(b) The terms of trade of Nation 2 improve from PY /PX = 1 with free trade before growth to PY /PX = 2 with growth and free trade.

(c) Nation 2 exports 20Y with growth and free trade.