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If the opportunity cost of 1 ton of steel is 1 ton of soybeans in Canada and the opportunity cost of 1 ton of steel
If the opportunity cost of 1 ton of steel is 1 ton of soybeans in Canada and the opportunity cost of 1 ton of steel is 2 tons of soybeans in Brazil, then in order for both countries to gain equally from trade, the terms of trade would be ton(s) of steel for 1.5 tons of soybeans
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