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Assume the following Ricardian technology using the work item: Country Hours Production Unit C Hours Production Unit F 10 8 12 16 What is required:
Assume the following Ricardian technology using the work item: Country Hours Production Unit C Hours Production Unit F 10 8 12 16 What is required: 1- Calculate the opportunity cost of producing food In the two countries and in their context, what are the patterns of state trade 2 2- Draw the curve of the international supply of clothing 3. Determine the relative price range of the clothes in which both countries are fully specialized? 4- What are the conditions for state trade 1B
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