Suppose two nations, the Germany and U.S., produce pools and cars subject to the following production...

 

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Suppose two nations, the Germany and U.S., produce pools and cars subject to the following production possibilities frontiers: Germany U.S. Suppose that in each nation, resources are being used to produce some pools and some cars. If these nations begin to specialize and trade, then employment will in the Germany pool industry. Suppose two nations, the Germany and U.S., produce pools and cars subject to the following production possibilities frontiers: Germany U.S. Suppose that in each nation, resources are being used to produce some pools and some cars. If these nations begin to specialize and trade, then employment will in the Germany pool industry.

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If Germany specializes in producing pools and the US specializes in producing cars and they engage i... View the full answer