Suppose that Country A and Country B have unit labour requirements for producing one tonne of steel and one tonne of oil shown in the following table: [Andaikan Negara A dan Negara B mempunyai keperluan unit buruh untuk menghasilkan satu tan keluli dan satu tan minyak yang ditunjukkan dalam jadual berikut:] Unit labour requirements [Keperluan unit buruh] Country A (Negara 47 Country B [Negara Bl
Suppose that Country A and Country B have unit labour requirements for producing one tonne of steel and one tonne of oil shown in the following table: [Andaikan Negara A dan Negara B mempunyai keperluan unit buruh untuk menghasilkan satu tan keluli dan satu tan minyak yang ditunjukkan dalam jadual berikut:] Unit labour requirements [Keperluan unit buruh] Country A (Negara 47 Country B [Negara Bl
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Both countries agree that one tonne of steel can be exchanged for one tonne of oil . Calculate the gains after trade is allowed if Country A consumes 30 tonnes of oil domestically
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