The opportunity cost of producing a laptop is lower in Country Y than in Country X,while the opportunity cost of producing wheat is lower in Country X than in Country Y.However,Country Y can produce more of both goods.
a)Can mutually beneficial trade take place between the two countries? Explain your answer.
b)Which country should specialize in the production of which good?

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The Answer of The opportunity cost of producing a laptop is lower in Country Y than in Country X,while the opportunity cost of producing wheat is lower in Country X than in Country Y.However,Country Y can produce more of both goods.
a)Can mutually beneficial trade take place between the two countries? Explain your answer.
b)Which country should specialize in the production of which good?

The Opportunity Cost of Producing a Laptop Is Lower in Country