=+1. Suppose there are two states that do not trade-Iowa and Nebraska. Each state produces the same

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=+1. Suppose there are two states that do not trade-Iowa and Nebraska. Each state produces the same two goods-com and wheat. For Iowa the opportunity cost of producing 1 bushel of wheat is 3 bushels of com.

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Economics

ISBN: 9780071214476

5th Edition

Authors: David Colander

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