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Business, 31.08.2021 01:50 yannie16

For trade to benefit both countries, the terms of trade must be set between the opportunity costs for each country for the goods. a. In terms of tractors, the terms of trade must be set between and units of cotton per tractor. b. In terms of cotton, the terms of trade must be set between and units of tractors per unit of cotton. 10. Suppose the countries agree on terms of trade where 1 tractor

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