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Refer to the information provided in Table 33.5 below to answer the question(s) that follow. Cashews are measured in bushels and tea is measured in pounds (lbs.)
Table 33.5
-Refer to Table 33.5. If both countries specialize and trade with each other, Vietnam will export ________ and India will import ________.
Pounds
A unit of weight commonly used in the British imperial and United States customary systems, or the currency of the United Kingdom.
Comparative Advantage
The capacity of a being to generate a product or service at a reduced opportunity cost compared to others.
Range Of Prices
A spectrum or interval between the lowest and highest prices at which goods or services are sold in the market.
Cups Of Soup
A measure of quantity often used in food service to represent single servings of soup.
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