Answered: Good Y A B A to E A to B D to C Country…

Good Y A B A to E A to B D to C Country 1 C to E D E Good X Good Y A Country 2 To find the amount of exports for country 2, the distance between which two points are used? E B с D Good X

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter18: International Trade And Comparative Advantage

Section: Chapter Questions

Problem 7DQ

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Question

Good Y
A
B
с
A to E
A to B
D to C
Country 1
C to E
D
E
Good
Good Y
A
B
To find the amount of exports for country 2, the distance
between which two points are used?
Country 2
E
O;
Good X

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Step 1: Define Exports

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Step 2: Explain the correct option

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Step 3: Explain the incorrect options

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