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Macroeconomics 1st Edition by Campbell McConnell,Stanley Brue,Sean Flynn
Edition 1ISBN: 978-0077230975Macroeconomics 1st Edition by Campbell McConnell,Stanley Brue,Sean Flynn
Edition 1ISBN: 978-0077230975 Exercise 2
Below are the hypothetical production possibilities tables for New Zealand and Spain. Each country can produce apples and plums.
Referring to the tables, answer the following:
c. Suppose the optimal product mixes before specialization and trade are alternative B in New Zealand and alternative S in Spain and the actual terms of trade are 1 plum for 2 apples.What would be gains from specialization and trade
Referring to the tables, answer the following:c. Suppose the optimal product mixes before specialization and trade are alternative B in New Zealand and alternative S in Spain and the actual terms of trade are 1 plum for 2 apples.What would be gains from specialization and trade
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Macroeconomics 1st Edition by Campbell McConnell,Stanley Brue,Sean Flynn
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