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Question 8 (10 points) 1. Calculate the opportunity cost for the following country for these two products. Which country should sell shoes and which country
Question 8 (10 points) 1. Calculate the opportunity cost for the following country for these two products. Which country should sell shoes and which country buys shoes? Which product should each country specialize in? Which country has an absolute advantage (if any)? Which country has comparative advantage in which product? Daily production of shoes and bread Pairs of Shoes produced Loaves of Bread baked Denmark 4 000 2,000 Turkey 1 00
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