Suppose that each worker in the foreign country can produce, Business Economics

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Suppose that each worker in the foreign country can produce

Suppose that each worker in the Foreign country can produce two cars or three TVs. Assume that Foreign also has four workers.

a. Graph the production possibilities frontier for the Foreign country.

b. What is the no-trade relative price of cars in Foreign?

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Business Economics: Suppose that each worker in the foreign country can produce

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Business Economics: Suppose that each worker in the foreign country can produce

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