Tag Archives: chips

If the two countries specialize and trade, which country will import chips? Explain.

Curve Part 1 – Check Your Understanding​- ​The economy of Macrostan can produce only two goods: chips and pretzels. At any given period of time, the people of Macrostan may choose to produce only chips, only pretzels, or a combination of the two according to the table below. *For consistency put chips on the y […]