Business, 24.12.2019 20:31 Vanina2001
Suppose that the opportunity-cost ratio for watches and cheese is 1c ≡ 1w in switzerland but 1c ≡ 4w in japan. at which of the following international exchange ratios (terms of trade) will switzerland and japan be willing to specialize and engage in trade with each other?
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Suppose that the opportunity-cost ratio for watches and cheese is 1c ≡ 1w in switzerland but 1c ≡ 4w...
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