(scenario: the production of wheat and toys) look at the scenario production of wheat and toys. if each country specializes in t

Question

MrRissso [65]

3 years ago

11

(scenario: the production of wheat and toys) look at the scenario production of wheat and toys. if each country specializes in t

he good for which it has the comparative advantage, then the price of wheat in terms of toys will be

Social Studies

1 answer:

Ad libitum [116K] · Answer 1 · 2022-08-22T08:44:51+03:00

The answer to this question is "between two units of toys and between three units of toys". We are given a scenario of a wheat and toys production. Look at the scenario production of wheat and toys such as if each country specializes in the good for which it has a comparative advantage and then the price of wheat in terms of toys will be "between two units of toys and three units of toys".