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Jack:

Beef 20 8 0

Tomatoes 0 12 20

 

Bob:

Beef 30 9 0

Tomatoes 0 42 60

 

If the two spoke, could they find some terms of trade that would make it at least one better off without making the other worse off? How?

Macroeconomics, Economics

  • Category:- Macroeconomics
  • Reference No.:- M9910425
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