Mathematics, 02.10.2021 07:40 dexy8683
Assume that Columbia can produce 1,000 pounds of coffee in one day or produce 200 pounds of bananas in one day. In addition assume that Ecuador can produce 300 p0unds of coffee in one day or produce 100 pounds of bananas in one day. Which country has the comparative advantage in bananas? Determine a pattern of trade regarding these countries and these goods that would benefit both countries.
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Assume that Columbia can produce 1,000 pounds of coffee in one day or produce 200 pounds of bananas...
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