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Problem 15-5 (alga) Suppose that 1 dig'tal music player has an opportunity cost of 20 smartphones in Canada and an opportunity cost of5 smartphones in
Problem 15-5 (alga) Suppose that 1 dig'tal music player has an opportunity cost of 20 smartphones in Canada and an opportunity cost of5 smartphones in South Korea. a. [Click to select) v exports players and [Click to select) v exports phones. b. The terms of trade must be somewhere between 1 player traded for phones in Canada and 1 player traded for phones in South Korea. c. Canadians want the (Click to seem) v possible price of players in terms of ptones which occurs when 1 player is traded for phones. South Koreans want the (Click to select) v possible price of players in terms of phones which occurs when 1 player is traded for phones
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