SophiaPretty

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Category > Business & Finance Posted 05 Sep 2017 My Price 7.00

Suppose initially that the US is consuming

Suppose initially that the US is consuming 4 boots and 12 shirts and Canada is consuming 12 boots and 2 shirts. THen suppose the US and Canada specialize by each only producing the good for which they have a comparative advantage and then trade. In particular, suppose the US trades Canada half of its production for half of what Canada produces? How many additional shirts will the US have adter the trade? How many additional boots?

Answers

(5)
Status NEW Posted 05 Sep 2017 08:09 AM My Price 7.00

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