Exhibit 19-1 
-Exhibit 19-1 shows the production possibilities frontiers for the countries of Lambda and Beta for fish and coconuts. What can you say about comparative advantage from the information in Exhibit 31-9?
A) Lambda has a comparative advantage in the production of coconuts and Beta has a comparative advantage in the production of fish
B) Lambda has a comparative advantage in the production of fish and Beta has a comparative advantage in the production of coconuts
C) Lambda has a comparative advantage in the production of both coconuts and fish
D) Beta has a comparative advantage in the production of both coconuts and fish
E) neither Lambda nor Beta has a comparative advantage in either coconuts or fish
Correct Answer:
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Q31: Exhibit 19-1 Q33: Exhibit 19-1 Q38: If a country has an absolute advantage Q40: Exhibit 19-1 Q48: The rate at which two countries trade Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
