Illustrates what each nation can produce

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Reference no: EM1356296

Suppose the USA and Canada are considering to trade. Assume there are only two goods in the economy: wheat and corn. The table below illustrates what each country can produce in a given year.

Wheat Corn

USA 4 2

Canada 5 8

In this case, which country should produce wheat? Why

Reference no: EM1356296

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