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With One Hour of Labor Time Nation a Can Produce

Question 4

Multiple Choice

With one hour of labor time nation A can produce either 3X or 3Y while nation B can produce either 1X or 3Y (and labor is the only input) .The range of mutually beneficial trade between nation A and B is:


A) 3Y < 3X < 5Y
B) 5Y < 3X < 9Y
C) 3Y < 3X < 9Y
D) 1Y < 3X < 3Y

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