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Question: 1. What role does the rate of profit play in Mercantilist, Marxist, Smithian, Solovian and the Lewis models of economic growth?
2. Does the rate of profit fall in any of these models as an economy grows? What are the implications? Explain.
The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.
Explain who has a comparative advantage in the production of oranges and who has the advantage in the production of apples. (Show all math involved in your answer)
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