Suppose that Russia produces 10,000,000 barrels of oil and 1,000 bushels of wheat each week. Suppose that Pakistan produces 9999 barrels9999 barrels of oil and 9999 bushels9999 bushels of wheat each week. In autarky, what is the largest amount of wheat Russia can consume every week?
Suppose that Russia produces 10,000,000 barrels of oil and 1,000 bushels of wheat each week. Suppose that Pakistan produces 9999 barrels9999 barrels of oil and 9999 bushels9999 bushels of wheat each week. In autarky, what is the largest amount of wheat Russia can consume every week?
Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter18: Gaining From International Trade
Section: Chapter Questions
Problem 1CQ
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Suppose that Russia produces 10,000,000 barrels of oil and 1,000 bushels of wheat each week. Suppose that Pakistan produces 9999 barrels9999 barrels of oil and 9999 bushels9999 bushels of wheat each week.
In autarky, what is the largest amount of wheat Russia can consume every week?
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