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Business, 03.08.2019 08:30 jadensababe9151
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 12 million pounds of potatoes for 12 million pounds of coffee. this ratio of goods is known as the price of trade 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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