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If the terms of trade are 1 peanut for 9 bats, should the two nations trade? (Hint: Look at the chart you completed. Does 9 bats fall between or beyond the opportunity cost of peanuts for the countries? If between, trade. If beyond, do not trade. Explain your answer. ECONOMICS NOT FILES OR I WILL REPORT YOU
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If the terms of trade are 1 peanut for 9 bats, should the two nations trade? (Hint: Look at the char...
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