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draw the ppf for the question below Suppose that workers in A can produce 1 unit of S in 3 hours and 1 unit of
draw the ppf for the question below
Suppose that workers in A can produce 1 unit of S in 3 hours and 1 unit of T in 9 hours. Suppose that the relative price of Sin B is 2. Graph the PPF for country A. Indicate the exact slope of the PPF. Show how the autarky equilibrium is determined. Illustrate a hypothetical international trade equilibrium, including production and consumption points, and trade volumes for a given but permissible value of the international terms of tradeStep by Step Solution
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