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    Principles of Microeconomics
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    Exam 20: International Trade, Comparative Advantage, and Protectionism
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    If the Opportunity Cost of Corn to Wheat Is 3:1
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If the Opportunity Cost of Corn to Wheat Is 3:1

Question 64

Question 64

True/False

If the opportunity cost of corn to wheat is 3:1 in the United States and 5:1 in France, both countries would benefit from trade if the actual terms of trade between corn and wheat were 4:1.

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