Suppose that the two nations in Problems 32-1 and 32-2 choose to specialize in producing the goods

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Suppose that the two nations in Problems 32-1 and 32-2 choose to specialize in producing the goods for which they have a comparative advantage. They agree to trade at a rate of exchange of 1 pastry for 1 sandwich. At this rate of exchange, what are the maximum possible numbers of pastries and sandwiches that they could agree to trade?
Problem 32-1 and 32-2
Suppose that the two nations in Problems 32-1 and 32-2
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Economics Today

ISBN: 978-0132554619

16th edition

Authors: Roger LeRoy Miller

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