Business
Business, 20.06.2019 18:02, ethanyayger

In the absence of trade, simon and dave each spend half their time producing beans and half their time producing corn. suppose simon and dave specialize and that the terms of trade are 1 pound of green beans for 1 pound of corn. if simon sells dave 80 pounds of green beans, then the gains from trade for simon are pounds of green beans and pounds of corn with trade and specialization.

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