Assuming specialization and free trade and using the data in the previous question, if Country A imports 40 TV's and exports 80 wheat, consumption in Country A will be: Wheat Country A Wheat Country B 200 80 50 Television Sets 80 Television Sets 200 wheat and 40 TV's. 280 wheat and 90 TV's. 120 wheat and 80 TV's 120 wheat and 40 TV's
Assuming specialization and free trade and using the data in the previous question, if Country A imports 40 TV's and exports 80 wheat, consumption in Country A will be: Wheat Country A Wheat Country B 200 80 50 Television Sets 80 Television Sets 200 wheat and 40 TV's. 280 wheat and 90 TV's. 120 wheat and 80 TV's 120 wheat and 40 TV's
Chapter18: International Trade And Comparative Advantage
Section: Chapter Questions
Problem 7DQ
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