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    Exam 3: Interdependence and the Gains from Trade.
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    Table 3-4 Assume That the Farmer and the Rancher Can Switch Between
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Table 3-4 Assume That the Farmer and the Rancher Can Switch Between

Question 29

Question 29

Multiple Choice

Table 3-4
Assume that the farmer and the rancher can switch between producing meat and producing potatoes at a constant rate.
Table 3-4 Assume that the farmer and the rancher can switch between producing meat and producing potatoes at a constant rate.    -Refer to Table 3-4.The farmer has an absolute advantage in the production of A)  meat. B)  potatoes. C)  both goods. D)  neither good.
-Refer to Table 3-4.The farmer has an absolute advantage in the production of


A) meat.
B) potatoes.
C) both goods.
D) neither good.

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