10. Suppose that all goods can be produced with fewer worker hours in Germany than in France....
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10. Suppose that all goods can be produced with fewer worker hours in Germany than in France.
a. In what sense is the cost of all goods lower in Germany than in France?
b. In what sense is the cost of some goods lower in France?
c. If Germany and France traded with each other, would both countries be better off as a result?
Explain in the context of your answers to parts (a)
and (b).
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