If the Opportunity Cost of Corn to Wheat Is 3:1

question 155

True/False

If the opportunity cost of corn to wheat is 3:1 in the United States and 5:1 in France, only the United States would benefit from trade if the actual terms of trade between corn and wheat were 2:1.

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Definitions:

Ovaries

Female reproductive organs in which ova or eggs are produced, part of the vertebrate female reproductive system.

Testes

Male reproductive organs responsible for producing sperm and hormones, such as testosterone.

Endocrine System

A network of glands and organs that produce, store, and secrete hormones into the bloodstream to regulate the body's processes and maintain homeostasis.

Hormones

Chemical messengers produced by the endocrine glands that regulate various bodily functions, including growth, metabolism, and mood.