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Author Question: This table shows how much cotton and cocoa can each be produced in Peru and Brazil with one unit of ... (Read 16 times)

dekbert

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on: Oct 12, 2022

Question 1

A country that engages in no foreign trade is said to be in a situation of
◦ absolute advantage.
◦ comparative advantage.
◦ autarky.
◦ reciprocal absolute advantage.
◦ isolation.

Question 2

This table shows how much cotton and cocoa can each be produced in Peru and Brazil with one unit of equivalent resources.

​Cotton
(bales)		Cocoa Beans
(bushels)
Peru24
Brazil16
TABLE 19-4

Refer to Table 19-4. If one unit of resources is shifted from cotton to cocoa beans in Brazil, and one unit of resources is shifted from cocoa beans to cotton in Peru, world output would increase by
◦ 2 bales of cotton and 1 bushel of cocoa beans.
◦ 2 bales of cotton.
◦ 6 bushels of cocoa beans.
◦ 3 bales of cotton and 10 bushels of cocoa beans.
◦ 1 bale of cotton and 2 bushels of cocoa beans.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by dekbert on Oct 12, 2022

brunoanthony

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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dekbert

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

gcook

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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