
Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn
Edition 20ISBN: 978-0077660895
Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn
Edition 20ISBN: 978-0077660895 Exercise 24
Suppose that the opportunity-cost ratio for fish and lumber is 1F?1L in Canada but 2F? 1L in Iceland. Then_____ should specialize in producing fish while______ should specialize in producing lumber
a. Canada; Iceland.
b. Iceland; Canada.
a. Canada; Iceland.
b. Iceland; Canada.
Explanation
In this scenario, Canada can produce 1 u...
Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn
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