Exam (elaborations)
ECON 1301Answer_Key_Macro_Topic_1.3A-_Comparative_Advantage_and_Trade-2 AP Macro Topic 1.3 Comparative Advantage and Trade
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1. Identify which country has the absolute advantage in chips. Luxland 2. Identify which country has the absolute advantage in pretzels. Luxland 3. Calculate the opportunity cost of producing one chip in Luxland. 1 pretzel 4. Calculate the opportunity cost of producing one pretzel i...
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