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    Exam 3: Interdependence and the Gains From Trade
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    It Takes Russell 6 Hours to Produce a Bushel of Corn
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It Takes Russell 6 Hours to Produce a Bushel of Corn

Question 65

Question 65

True/False

It takes Russell 6 hours to produce a bushel of corn and 2 hours to wash and polish a car.It takes Wilma 6 hours to produce a bushel of corn and 1 hour to wash and polish a car.Wilma and Russell cannot gain from specialization and trade,since it takes each of them 6 hours to produce 1 bushel of corn.

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