In one year, Brazil exported more than 1.8 billion kilograms of coffee to the rest of the world.We can conclude that
A) the rest of the world has an absolute advantage in coffee production.
B) the rest of the world has a comparative advantage in coffee production.
C) Brazil has comparative advantage in coffee production.
D) Brazil's government has placed a tariff on coffee.
E) Brazil has an absolute advantage in coffee production.
Correct Answer:
Verified
Q31: Refer to the figure below to answer
Q32: Suppose that the world price of eggs
Q33: Refer to the figure below to answer
Q34: Who benefits from imports?
A)domestic workers in the
Q35: Suppose that the world price of eggs
Q37: Canada produces both lumber and wine.Canada exports
Q38: International trade benefits the
A)government of the exporting
Q39: A tariff is a tax that is
Q40: Refer to the figure below to answer
Q41: A tariff is imposed on a good.This
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