Business, 07.09.2020 02:01 fruitbutt77

Here's another specialization and exchange problem. This problem is wholly made-up, so that you won't be to use your intuition about the names of countries or the to figure out the answer. Consider following inductivity table:

Number of hours to make one rotid Number of hours to make one Tauron
Mandovia 50 100
Ducennia 150 200

This time, the trade negotiations turn out differently: It’s two rotids for one tauron. Have the correct country ship 10 million rotids, have the other send 5 million taurons, and fill in the numbers. Are both countries better off than if there were no trade? Which country likes this trade deal better than the deal?

Consumption of rotiods for mandovia:
Consumption of rotiods for Ducennia:

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Here's another specialization and exchange problem. This problem is wholly made-up, so that you won'...

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