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The following table describes the production possibilities of two cities in the country of Baseballia: Pairs of Red Socks per Worker per Hour Pairs of

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The following table describes the production possibilities of two cities in the country of Baseballia: Pairs of Red Socks per Worker per Hour Pairs of White Socks per Worker per Hour Boston 3 3 Chicago N Without trade, the price of a pair of white socks (in terms of red socks) in Boston is of red socks, and in Chicago it is red socks. has an absolute advantage in the production of red socks, and has an absolute advantage in the production of white socks. has a comparative advantage in the production of red socks, and has a comparative advantage in the production of w socks. If the cities trade with each other, Boston will export socks, and Chicago will export V socks. The price of white enrke can he avnraceed in terms of red cake The highest price at which white encke can he traded that would make hoth cities Search amazon 3/1

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