Even without 100% specialization, if the trading price is greater than the country’s opportunity cost: There are benefits to trading. Is constant. Is fixed. No trades will take place. All of the above.

Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter16: Bargaining
Section: Chapter Questions
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QUESTION 9

Even without 100% specialization, if the trading price is greater than the country’s opportunity cost:

  1. There are benefits to trading.
  2. Is constant.
  3. Is fixed.
  4. No trades will take place.
  5. All of the above.  
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