hours of labour, while producing a shirt takes four hours of labour. What will these nations trade?

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a China will export beef, while Australia will export shirts.

b China will export shirts, while Australia will export beef.

c Both nations will export shirts.

d There are no gains from trade in this situation.

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Advanced Macroeconomics

ISBN: 9780415205504

3rd Edition

Authors: David Romer

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Question Posted: Nov 14, 2024 03:00 AM

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hours of labour, while producing a shirt takes four hours of labour. What will these nations trade?

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Advanced Macroeconomics

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