Suppose that each worker in the Home country can produce three cars or two TVs. Assume that

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Suppose that each worker in the Home country can produce three cars or two TVs. Assume that Home has four workers.
a. Graph the production possibilities frontier for the Home country.
b. What is the no-trade relative price of cars at Home?

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International Economics

ISBN: 978-1429278447

3rd edition

Authors: Robert C. Feenstra, Alan M. Taylor

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Question Posted: Feb 04, 2016 05:26 AM

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Suppose that each worker in the Home country can produce three cars or two TVs. Assume that

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International Economics

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