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laurenamarissa laurenamarissa
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6 years ago
The table above gives the production possibilities frontier for two countries, Anaconda and Bear. This table shows that
A) when Anaconda and Bear specialize and trade, Anaconda should specialize in the production of shoes.
B) when Anaconda and Bear specialize and trade, Anaconda should produce at its production point E.
C) Anaconda has an absolute advantage in the production of corn and shoes.
D) Bear can consume no more than 2 bushels of corn and 700 pairs of shoes.
E) Bear is unable to gain from trade with Anaconda.
Textbook 
Foundations of Macroeconomics

Foundations of Macroeconomics


Edition: 8th
Authors:
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Kstan109Kstan109
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6 years ago
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This helped my grade so much Perfect
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this is exactly what I needed
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This site is awesome
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