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Watch :https://youtu.be/MvvFwqeLCoE Shown below are the production possibilities curves for two nations: the United States and Chile. Suppose these two nations do not currently engage

Watch :https://youtu.be/MvvFwqeLCoE

Shown below are the production possibilities curves for two nations: the United States and Chile. Suppose these two nations do not currently engage in international trade or specialization, and suppose that pointsAandashow the combinations of wheat and copper they now produce and consume.

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United States Chile 10 10 8 8 United States Chile 6 6 Wheat (in thousands of pounds) Wheat (in thousands of pounds) 2 2 0 2 4 6 10 0 Copper (thousands of pounds) 2 4 6 10 Copper (thousands of pounds)

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