trade (click to select)
Argentina
both
neither
Spain
include (click to select)
less grapes and less lemons
less G more L
More G and more L
more G but less L
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trade (click to select)
Argentina
both
neither
Spain
include (click to select)
less grapes and less...
Drop down options: lemon coffee neither coffee nor lemons both lemons and coffee Average: /4 Attempts...
Drop down options:
lemon
coffee
neither coffee nor lemons
both lemons and coffee
Average: /4 Attempts 4. Specialilzation and trade When a country has a comparative advantage in the production of a good, it means that it can produce this good at a lower opportunity cost than its trading partner. Then the country will specialize in the production of this good and trade it for other goods. The following graphs show the production possibilities frontiers (PPFs) for Maldonia and Desonia....
Drop down options:
lemon
coffee
neither coffee nor lemons
both lemons and coffee
Average: /4 Attempts 4. Specialilzation and trade When a country has a comparative advantage in the production of a good, it means that it can produce this good at a lower opportunity cost than its trading partner. Then the country will specialize in the production of this good and trade it for other goods. The following graphs show the production possibilities frontiers (PPFs) for Maldonia and Desonia....
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