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Suppose That a Worker in Country a Can Make Either

question 115

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Suppose that a worker in Country A can make either 25 bananas or 5 tomatoes each year.Country A has 200 workers.Suppose a worker in Country B can make either 18 bananas or 6 tomatoes each year.Country B has 400 workers.Suppose Country B decides to specialize in tomatoes,and Country A specializes in bananas.What terms of trade would both countries agree to? One tomato for:

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Definitions:

Buying Patterns

Buying Patterns refer to the habits or tendencies displayed by consumers when purchasing goods and services, often influenced by various factors such as tradition, culture, or economic situation.

Entrepreneurial

Pertaining to the characteristics, behaviors, and practices of individuals who initiate, organize, and operate a business venture.

Asian American

A term referring to individuals in the United States who have Asian ancestry from countries within the continent of Asia.

Buying Patterns

The habitual or typical behaviors and preferences of consumers when making purchasing decisions.

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