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Question 3 (4 points) ~/ Saved In Freedonia, one television costs 12.5 pairs of shoes (25 television hours divided by 2 shoe hours). How much
Question 3 (4 points) ~/ Saved In Freedonia, one television costs 12.5 pairs of shoes (25 television hours divided by 2 shoe hours). How much does a television cost in Marketopia? Paragraph \\/ A TV cost 2.5 pairs of shoes in Marketopia. (10 TV hours divided by 4 shoe hours) //. Question 4 (4 points) If Freedonia wishes to engage in trade with Marketopia, which product should it dedicate all or most of its resources to producing? What product should Marketopia dedicate all its resources to producing? Paragraph Assume that each country dedicated all its resources to producing one product. If, after trade, the cost of one television in the two markets changed to 5 pairs of shoes, what is one possible example of the number of each product both countries could have? You are able to copy and past the table below into your answer field. After Trade Pairs of Leather Shoes Television Freedonia Marketopia Paragraph
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