Yosemite has a comparative advantage in the production of , while Congaree has a comparative advantage in the ▼. Suppose that Yosemite and Congaree specialize in the production of the goods in which each has a million pounds production of comparative advantage. After specialization, the two countries can produce a total of million pounds of almonds and of lentils.

Yosemite has a comparative advantage in the production of , while Congaree has a comparative advantage in the ▼. Suppose that Yosemite and Congaree specialize in the production of the goods in which each has a million pounds production of comparative advantage. After specialization, the two countries can produce a total of million pounds of almonds and of lentils.

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter7: Economic Growth: Theory And Policy

Section: Chapter Questions

Problem 4TY

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