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 to grow only coffee and Canada only made computer software, would both countries be better or worse off? Can you think of a similar example from your life?

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Principles Of Microeconomics

ISBN: 9780393935769

1st Edition

Authors: Dirk Mateer, Lee Coppock

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