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In a Single Year, Argentina Can Raise 100 Tons of Beef

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Essay

In a single year, Argentina can raise 100 tons of beef or produce 1,000 boxes of tulips.In the same growing season, Venezuela can raise 50 tons of beef or produce 750 boxes of tulips.When the two countries begin trading beef for tulips, we would expect the price of beef in Argentina:
A.to fall from the autarky price.
B.to rise from the autarky price.
C.to remain at the autarky price.
D.to be 10 boxes of tulips.


Definitions:

Recessive Gene

A gene that produces its characteristic phenotype only when its allele is identical; not dominant.

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Sex Chromosomes are a pair of chromosomes (X and Y) in each cell that determine the genetic sex of an organism, with females typically having two X chromosomes and males having one X and one Y chromosome.

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