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Imagine that a) Singapore can produce either Refined Petroleum of 48 or Electrical machinery of 24 per year. b) Malaysia can produce either Refined Petroleum
Imagine that
a) Singapore can produce either Refined Petroleum of 48 or Electrical machinery of 24 per year.
b) Malaysia can produce either Refined Petroleum of 39 or Electrical machinery of 13 per year.
If the two countries were to specialize and trade with one another, which country would import Refined Petroleum?
A | none | |
B | 3000. | |
C | both | |
D | Singapore | |
E | Malaysia |
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