Management Notes

Reference Notes for Management

Under free trade Canada would not realize any gains from trade with Sweden if Canada:

Under free trade Canada would not realize any gains from trade with Sweden if Canada:

Under free trade Canada would not realize any gains from trade with Sweden if Canada:

 Options:

a. Trades at Canada’s marginal rate of transformation.
b. Trades at Sweden’s marginal rate of transformation.
c. Specializes completely in the production of its export good.
d. Specializes partially in the production of its export good.

The Correct Answer Is:

a. Trades at Canada’s marginal rate of transformation.

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