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Individuals living in the state of Ohio like to consume both soybeans and blueberries. While it is possible for farmers to grow both crops in
Individuals living in the state of Ohio like to consume both soybeans and blueberries. While it is possible for farmers to grow both crops in Ohio, almost no farmers elect to use their land to grow blueberries. Instead, every year, Ohio exports soybeans and imports blueberries from nearby Michigan, where growers specialize in blueberries. Which of the following principles of economic interaction best describes this scenario? When markets do not achieve efficiency, government intervention can improve overall welfare. All costs are opportunity costs. There is a tradeoff between equality and efficiency. Trade can make everyone better off
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