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Here's another specialization and exchange problem. This problem is wholly made-up, so that you won't be able to use you
Posted: Fri Jul 01, 2022 8:13 am
by answerhappygod
- Here S Another Specialization And Exchange Problem This Problem Is Wholly Made Up So That You Won T Be Able To Use You 1 (40.19 KiB) Viewed 35 times
Here's another specialization and exchange problem. This problem is wholly made-up, so that you won't be able to use your intuition about the names of countries or the products to figure out the answer. Consider the following productivity table: Mandovia Ducennia Number of Hours to Make One Rotid 50 150 Number of Hours to Make One Tauron 100 Consumption of rotids for Mandovia: 200 f. This time, the trade negotiations turn out differently: It's two rotids for one tauron. Have the correct country ship 10 million rotids, have the other send 5 million taurons, and fill in the numbers. Are both countries better off than if there were no trade? Which country likes this trade deal better than the deal from parte? Consumption of rotids for Ducennia: