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1b. Now consider a No-trade scenario for the same Country's A & B. Compute the total outputs for each country and label the units. Also,
| 1b. Now consider a No-trade scenario for the same Country's A & B. Compute the total outputs for each country and label the units. Also, compute the total ore and timber produced in aggregate. | ||||||
| Units of Inputs (000,000) | Total Outputs (000,000) | |||||
| Ore | Timber | Tons of Ore | MBF of Timber | |||
| Country A | 220 | 385 | ||||
| Country B | 350 | 390 | ||||
| Total Produced | ||||||
| Show Work, Label Answers AND Interpret: | ||||||
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Personal Finance
Authors: Megan Noel, Dan French
2nd Edition
1465246479, 9781465246479
