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Business, 21.09.2020 14:01 comeonmanim

Suppose that Maldonia and Sylvania agree to trade. Each country focuses its resources on producing only the good in which it has a comparative advantage. The countries decide to exchange 4 million pounds of grain for 4 million pounds of coffee. This ratio of goods is known as the between Maldonia and Sylvania.

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Suppose that Maldonia and Sylvania agree to trade. Each country focuses its resources on producing o...
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