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Author Question: The following production possibilities schedule shows the quantities of soybeans and oil that can ... (Read 43 times)

knemetz3

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on: Oct 12, 2022

Question 1

An economy that engages in international trade is called
◦ a specialized economy.
◦ the gains from trade.
◦ an autarky.
◦ an open economy.
◦ a comparative advantage.

Question 2

The following production possibilities schedule shows the quantities of soybeans and oil that can each be produced in Canada and Mexico with one unit of equivalent resources.

​Soybeans
(bushesls)		Oil
(barrels)
Canada6010
Mexico248
TABLE 19-3

Refer to Table 19-3. The opportunity cost of a barrel of oil in Mexico is
◦ 0.8 barrels of oil.
◦ 3 bushels of soybeans.
◦ 16 bushels of soybeans.
◦ 0.33 bushels of soybeans.
◦ 1.25 barrels of oil.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by knemetz3 on Oct 12, 2022

Preeti

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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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knemetz3

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

flexer1n1

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Reply 3 on: Yesterday
Excellent

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