Suppose US and China are the only two countries in the world. Both countries can produce computer
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Question:
Suppose US and China are the only two countries in the world. Both countries can produce computer and wheat. The following table describes their maximum output per day. Use this table to answer the following question.
Computer | Wheat | |
US | 1,102 | 2,360 |
China | 880 | 2,483 |
China's opportunity cost of wheat is ______ computer?
Related Book For
Macroeconomics Principles And Policy
ISBN: 9780324586213
11th Edition
Authors: William J. Baumol, Alan S. Blinder
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