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Level 4: Gains from Trade with Absolute As you calculated, your opportunity cost of gathering firewood is 125 calories per log while Friday's is 100
Level 4: Gains from Trade with Absolute As you calculated, your opportunity cost of gathering firewood is 125 calories per log while Friday's is 100 calories per log. Friday suggests that each of you pick one good and then trade with each other but is unsure in which good each of you should specialize
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Managing in a Global Economy Demystifying International Macroeconomics
Authors: John E. Marthinsen
2nd edition
128505542X, 978-1305176157, 1305176154, 978-1285055428
