Question
Given the following information: Amount Produced by One Worker per Hour Bread loaves Wine bottles Home 100 200 Foreign 60 30 If these two countries
Given the following information:
| Amount Produced by One Worker per Hour | ||
| Bread loaves | Wine bottles | |
| Home | 100 | 200 |
| Foreign | 60 | 30 |
If these two countries trade these two products with each other, what would be the upper limit for the world equilibrium price of bread in terms of bottles of wine?
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International Economics
Authors: Thomas A. Pugel
15th edition
73523178, 978-0077769529, 007776952X, 978-0073523170
