1. If Caledonia, as an autarky, puts half of its resources in production of meat
ID: 1157653 • Letter: 1
Question
1. If Caledonia, as an autarky, puts half of its resources in production of meat, and half in production of milk, how much meat and milk will the Caledonians consume?
1. If Caledonia, as an autarky, puts half of its resources in production of meat, and half in production of milk, how much meat and milk will the Caledonians consume?
1. If Caledonia, as an autarky, puts half of its resources in production of meat, and half in production of milk, how much meat and milk will the Caledonians consume?
Explanation / Answer
Since factor intensities are not given and neither is amount of resources we can conclude that country will also consume half meat and half milk
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