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Figure 3-19 Chile's Production Possibilities Frontier

Question 137

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Figure 3-19
Chile's Production Possibilities Frontier
Colombia's Production Possibilities Frontier Figure 3-19 Chile's Production Possibilities Frontier Colombia's Production Possibilities Frontier -Refer to Figure 3-19.At which of the following prices would both Chile and Colombia gain from trade with each other? A) 6 pounds of soybeans for 9 pounds of coffee B) 8 pounds of soybeans for 20 pounds of coffee C) 11 pounds of soybeans for 33 pounds of coffee D) Chile and Colombia could not both gain from trade with each other at any price. Figure 3-19 Chile's Production Possibilities Frontier Colombia's Production Possibilities Frontier -Refer to Figure 3-19.At which of the following prices would both Chile and Colombia gain from trade with each other? A) 6 pounds of soybeans for 9 pounds of coffee B) 8 pounds of soybeans for 20 pounds of coffee C) 11 pounds of soybeans for 33 pounds of coffee D) Chile and Colombia could not both gain from trade with each other at any price.
-Refer to Figure 3-19.At which of the following prices would both Chile and Colombia gain from trade with each other?


A) 6 pounds of soybeans for 9 pounds of coffee
B) 8 pounds of soybeans for 20 pounds of coffee
C) 11 pounds of soybeans for 33 pounds of coffee
D) Chile and Colombia could not both gain from trade with each other at any price.

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