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Business, 03.05.2021 22:20 interndon

Suppose Bulgaria and Romania specialize in production and engage in mutually beneficial trade. Suppose further that for every liter of sunflower oil that Bulgaria exports to Romania, it receives two liters of mineral water in exchange. Everything else held constant, the opportunity cost of producing one liter of sunflower oil in Romania is two liters of mineral water.

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Suppose Bulgaria and Romania specialize in production and engage in mutually beneficial trade. Suppo...
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