Starting with the production frontiers for Nation 1 and Nation 2 shown in Figure 5.4, show that

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Starting with the production frontiers for Nation 1 and Nation 2 shown in Figure 5.4, show that with an even greater difference in tastes in the two nations, Nation 1 could end up exporting the capital-intensive commodity.
Figure 5.4

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International Economics

ISBN: 978-1119915737

11th edition

Authors: Dominick Salvatore

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Question Posted: Dec 09, 2015 02:49 AM

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Starting with the production frontiers for Nation 1 and Nation 2 shown in Figure 5.4, show that

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140 120 F 100 140 120 100 L 80 80 Nation 1 60 40 60 Nation 1 I 40 APA 20 PB 20 E 0 20 40 60 80 100 120 0 20 40 60 80 100 120

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International Economics

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