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Assume there are two worker in cuba and four worker china.
Cuba. China
Bottle of coffee produced 5 10 per hour
Pound of rice produced 10 50 hour
a. Draw the production possibilities frontiers for both countries (coffee in the horizontal axis)
b. When is the production possibilities frontier a straight line?
c.which country has a comparative advantage in the production of rice? Which one has comparative advantage in producing coffee
e. Determine the terms of trade for both countries
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