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1.Suppose country A can produce 10 units of corn per year or 2 machines per year.Country B can produce 20 units of corn per year
1.Suppose country A can produce 10 units of corn per year or 2 machines per year.Country B can produce 20 units of corn per year or 10 machines per year.Show that country A is better off producing only corn and trading with country B.Use a graph in your answer.
2.Why was protectionism in Latin America hurtful to consumers in Latin America.
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