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    Exam 3: Interdependence and the Gains from Trade.
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    Table 3-8 Assume That Huang and Min Can Switch Between Producing Parasols
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Table 3-8 Assume That Huang and Min Can Switch Between Producing Parasols

Question 52

Question 52

Multiple Choice

Table 3-8
Assume that Huang and Min can switch between producing parasols and producing porcelain plates at a constant rate.
Table 3-8 Assume that Huang and Min can switch between producing parasols and producing porcelain plates at a constant rate.    -Refer to Table 3-8.The opportunity cost of 1 plate for Min is A)  1/3 parasol. B)  1/2 parasol. C)  2 parasols. D)  3 parasols.
-Refer to Table 3-8.The opportunity cost of 1 plate for Min is


A) 1/3 parasol.
B) 1/2 parasol.
C) 2 parasols.
D) 3 parasols.

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