Suppose that each worker in the foreign country can produce, Econometrics

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Suppose that each worker in the foreign country can produce

Suppose that each worker in the Foreign country can produce three cars or two TVs. Assume that Foreign also has four workers.

a. Graph the production possibilities frontier for the Foreign country.

b. What is the no-trade relative price of cars in Foreign?

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Econometrics: Suppose that each worker in the foreign country can produce

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Econometrics: Suppose that each worker in the foreign country can produce

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