Why brazil might change its trade pattern over time

Reference no: EM131915959

Problem

1. Suppose two countries produce the same two goods and have identical production possibilities frontiers. Do you expect these countries to trade? Explain why or why not.

2. Brazil is the largest coffee producer in the world, and coffee is one of Brazil's major export goods. Suppose that in 20 years, Brazil no longer produces much coffee and imports most of its coffee instead. Explain why Brazil might change its trade pattern over time.

Reference no: EM131915959

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