Suppose,in the North,one unit of labor produces
units of fish or
units of chips.In the South,one unit of labor produces
units of fish and cs units of chips.For the South to specialize in fish,it must be that
.
Correct Answer:
Verified
Q84: Consider the following production data for two
Q85: Free labor migration is more effective at
Q86: Economists have done a good job of
Q88: If a country produces a good at
Q89: The net flow of goods is associated
Q93: According to the model of free trade,
Q95: From the national income identity we can
Q98: According to economic theory, fast-growing countries should
Q104: Figure 19.2: Foreign Assets in the U.S.
Q105: What has been the trend of trade
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents