Business, 07.04.2020 19:21 hisachokdee

Suppose there are only two goods in the world, shoes and wheat. If it is true that with its vast resources the U. S. could produce more wheat and shoes than Brazil than Group of answer choicesa. Both countries will be able to gain from specialization and trade as long as the opportunity costs of producing the two goods are different in Brazil than in the U. S.
b. Total production of wheat and shoes cannot be increased through specialization and trade.
c. Brazil will never have a comparative advantage and thus, can never gain from trading with the U. S.
d. Trade between Brazil and the U. S. will make the U. S. better off but will leave Brazil worse off.

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Suppose there are only two goods in the world, shoes and wheat. If it is true that with its vast res...