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 price of beef in Venezuela:
A.to fall from the autarky price.
B.to rise from the autarky price.
C.to remain at the autarky price.
D.to be 15 boxes of tulips.

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The Answer of 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 price of beef in Venezuela:
A.to fall from the autarky price.
B.to rise from the autarky price.
C.to remain at the autarky price.
D.to be 15 boxes of tulips.

In a Single Year, Argentina Can Raise 100 Tons of Beef