BASIL Millions of pounds 48 42 36 PPF 30 24 18 12 6 0 0 6 Yosemite 12 18 24 30 36 CORN Millions of pounds 42 48 BASIL Millions

Question

BASIL Millions of pounds 48 42 36 PPF 30 24 18 12 6 0 0 6 Yosemite 12 18 24 30 36 CORN Millions of pounds 42 48 BASIL Millions of pounds 48 42 36 30 24 18 12 6 0 PPF BRO 6 I 1 Congaree A 12 18 24 30 36 CORN Millions of pounds 42 48 Yosemite has a comparative advantage in the production of while Congaree has a comparative advantage in the production of Suppose that Yosemite and Congaree specialize in the production of the goods in which each has a comparative advantage After specialization the two countries can produce a total of corn million pounds of basil and million pounds of Suppose that Yosemite and Congaree agree to trade Each country focuses its resources on producing only the good in which it has a comparative advantage The countries decide to exchange 6 million pounds of corn for 6 million pounds of basil This ratio of goods is known as the price of

Kunduz · Accepted Answer

Click to see the answer