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please answer both and ill give good rating!!! Italy Greece Steel (S) Steel (S) 50 60 25 30 35 70 Food (F) 60 120 Food
please answer both and ill give good rating!!!
Italy Greece Steel (S) Steel (S) 50 60 25 30 35 70 Food (F) 60 120 Food (F) Instructions: Round up to no decimal place. Italy and Greece want to trade. The international price is 1S = 1.75F, and Italy would like to consume 25S after trade, and Greece would like to consume 60F after trade, c. In Italy, production after trade would be: S and F. d. In Greece; X = S and F and M = S and F e. In Italy, X = S and F and M S and F QUESTION 14 4 points Vietnam and Indonesia would like to trade. Both produce rice (R) and cloth (C). Vietnam can produce 1200R and 1500C, while Indonesia can produce 480OR and 2400C. The international price is 1R . 1C. Supported by this information, which of the statements is correct? @ The international price is not adequate because it is outside the opportunity cost values. The international price is adequate, both countries win since 1R is between 1.25C and 0.5C. The international price is adequate, both countries win since 1C is between 1.25R and 0.5R. The international price is adequate, both countries win since 1R is between 0.8C and 2CStep by Step Solution
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