4. After specialization and international trade a. Canada can obtain units of soybeans at less cost than

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4. After specialization and international trade

a. Canada can obtain units of soybeans at less cost than before trade

b. Brazil can obtain more than 20 tonnes of soybeans, if it so chooses

c. Canada no longer has a comparative advantage in producing steel

d. Brazil can benefit by prohibiting soybean imports from Canada

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Microeconomics

ISBN: 9781108420969

15th Canadian Edition

Authors: Campbell R. Mcconnell, Stanley L. Brue, Sean M. Flynn, Thomas P. Barbiero

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