Multiple Choice
In a single year,Argentina can raise 100 tons of beef or produce 1,000 boxes of tulips.In the same growing season,Venezuela can raise 50 tons of beef or produce 750 boxes of tulips.When the two countries begin trading beef for tulips,we expect the price of beef in Argentina:
A) to fall.
B) to rise.
C) to remain at the autarky price.
D) to be 10 boxes of tulips.
Correct Answer:

Verified
Correct Answer:
Verified
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