Does it still make sense for these countries to trade

Reference no: EM131345517

Suppose that Britain can produce 10 units of cloth or 5 units of food per day (or any linear combination) with available resources and Greece can produce 2 units of food per day or 1 unit of cloth (or any combination). Britain has an absolute advantage over Greece in producing both goods. Does it still make sense for these countries to trade?

Reference no: EM131345517

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