4. Suppose that Colombia is good at growing coffee but not very good at making computer software...

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4. Suppose that Colombia is good at growing coffee but not very good at making computer software and that Canada is good at making computer software but not very good at growing coffee. If Colombia decided only to grow coffee and Canada only to make computer software, would both countries be better off or worse off? Explain. Can you think of a similar example from your life?

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Principles Of Macroeconomics

ISBN: 9780393614091

2nd Edition

Authors: Lee Coppock, Dirk Mateer

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