The slope of the trade line is equal to the average of all, Ask an Expert

Economics

The slope of the trade line is equal to the average of all possible trading prices. world price of the good on the horizontal axis. world price of the good on the vertical axis. productivity of labor in producing the good on the horizontal axis. opportunity cost of the good on the vertical axis.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91695572

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