Suppose that in a week an American worker can produce 60 shirts or 4 computers and a Canadian worker can produce 60 shirts or 5 computers. The country that specializes in computers will trade 1 computer in exchange for at least shirts. The country that buys the computer will pay not more than shirts. Enter whole numbers.
Suppose that in a week an American worker can produce 60 shirts or 4 computers and a Canadian worker can produce 60 shirts or 5 computers. The country that specializes in computers will trade 1 computer in exchange for at least shirts. The country that buys the computer will pay not more than shirts. Enter whole numbers.
Chapter20: International Trade
Section20.1: International Trade Theory
Problem 1ST
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Suppose that in a week an American worker can produce 60 shirts or 4 computers and a Canadian worker can produce 60 shirts or 5 computers. The country that specializes in computers will trade 1 computer in exchange for at least shirts. The country that buys the computer will pay not more than shirts. Enter whole numbers.
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