In a single year, Argentina can raise 100 tons of beef or produce 1,000 boxes of tulips.In the same growing season, Venezuela can raise 50 tons of beef or produce 750 boxes of tulips.When the two countries begin trading beef for tulips, we would expect the total surplus from beef consumption and production to:
A.fall in Argentina.
B.rise in Argentina.
C.stay the same in Venezuela.
D.either rise or fall in Venezuela.
Correct Answer:
Verified
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