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Suppose there are only 2 nations, Atlantis and Pacifica, and only two goods, surfboards and kayaks. If Atlantis produces only surfboards, it can make 50 per day. If Atlantis produces only kayaks, it can make 75 per day. If Pacifica produces only surfboards, it can make 75 per day. If Pacifica produces only kayaks, it can make 75 per day. After trade begins, ________ will specialize in the production of surfboards and ________ will specialize in the production of kayaks.
a. Pacifica; Atlantis
b. Pacifica; Pacifica
c. Atlantis; Atlantis
d. Atlantis; Pacifica
what would the largest cardholder fee that Tuan will pay. If the rental store has a constant marginal cost of $2, which strategy is more profitable?
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q.briefly explain the current 2012 discretionary fiscal policies that are being used by the federal government to try
q1. what is the appropriate balance between private and public i.e. government activity? think of a case where the
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