Business, 23.12.2020 18:20, owlette2001

g The nation of Wheatland forbids international trade. In Wheatland, you can buy 1 pound of corn for 3 pounds of fish. In other countries, you can buy 1 pound of corn for 2 pounds of fish. These facts indicate that a. the price of fish in Wheatland exceeds the world price of fish. b. other countries have a comparative advantage, relative to Wheatland, in producing fish. c. if Wheatland were to allow trade, it would import corn. d. Wheatland has a comparative advantage, relative to other countries, in producing corn.

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g The nation of Wheatland forbids international trade. In Wheatland, you can buy 1 pound of corn for...