Macroeconomics
Macroeconomics
4th Edition
ISBN: 9781464110375
Author: Paul Krugman, Robin Wells
Publisher: Worth Publishers
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Chapter 1, Problem 7P
To determine

How concept of opportunity cost can be capitalized on trading

Concept Introduction:

Economic Principle:

Gains from trade”- Individual always gain from trade by selling the product in which they are specialized and purchasing the product in which they are comparatively less specialized.

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