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nakungth nakungth
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6 years ago
Refer to Table 16.1. Which of the following statements is correct?
A) There are potential gains from trade if: (1) Mexico specializes in the production of tomatoes, (2) Guatemala specializes in the production of beer, and (3) Mexico trades tomatoes to Guatemala for beer.
B) There are potential gains from trade if: (1) Mexico specializes in the production of beer, (2) Guatemala specializes in the production of tomatoes, and (3) Mexico trades beer to Guatemala for tomatoes.
C) There are no potential gains from trade because Mexico has an absolute advantage in the production of beer and tomatoes.
D) There are no potential gains from trade because Guatemala has an absolute advantage in the production of beer and tomatoes.
Textbook 
Microeconomics

Microeconomics


Edition: 8th
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Bart_argBart_arg
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6 years ago
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nakungth Author
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6 years ago
Good timing, thanks!
deathwing
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Yesterday
Just got PERFECT on my quiz
Brownr40
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2 hours ago
Helped a lot
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