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Suppose an American worker can make 20 pairs of shoes or grow 100 apples per day. On the other hand, a Canadian worker can produce 10 pairs of shoes or grow 20 apples per day. The opportunity cost of one pair of shoes for the United States is , while the opportunity cost of one pair of shoes for Canada is .
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Suppose an American worker can make 20 pairs of shoes or grow 100 apples per day. On the other hand,...
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