Suppose in a single year, Brazil can produce 100 tons of beef or 1,000 boxes of tulips.Suppose in the world market, one ton of beef costs 8 boxes of tulips.Then Brazil will import beef.

Question

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Brazil can produce 100 tons of beef or 1,000 boxes of tulips. In the world market, one ton of beef costs 8 boxes of tulips. So, Brazil can get more beef by importing it from the world market than by producing it domestically.

Suppose in a Single Year, Brazil Can Produce 100 Tons