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Suppose a country produces only two goods - wheat [W] and corn [C].The marginal rate of transformation [MRT] under autarkic condition is 2W/1C.The world price ratio is 1W/1C.Illustrate with the help of a suitable diagram,how the country will benefit if it indulges in international trade.
PAO Staff
Personnel who work in a Public Affairs Office responsible for communication, media relations, and public relations activities within an organization.
Barksdale Air Force Base
A significant United States Air Force base located in Bossier City, Louisiana, known for its role in national defense and strategic operations.
Humana
A health insurance company that provides a variety of health, wellness, and insurance products and services designed to offer an integrated approach to lifelong well-being.
Healthy Mississippi
An initiative or focus aimed at improving the health and wellbeing of the population in the state of Mississippi through various programs and policies.
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