Suppose that Canada is currently producing 30 tons of honey and 15 tons of maple syrup, and the U.S is currently producing 10 tons of honey and 40 tons of maple syrup. Demonstrate that Canada and the U.S can both be better off if they specialize in producing only one good and trade the other.

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06-07-2024
Business

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Suppose that Canada is currently producing 30 tons of honey and 15 tons of maple syrup, and the U.S is currently producing 10 tons of honey and 40 tons of maple syrup. Demonstrate that Canada and the U.S can both be better off if they specialize in producing only one good and trade the other.

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