Use the production possibilities data below for Lebos and Slavia to answer the following question(s) .
Table 2-1
-Refer to Table 2-1.Which of the following is true?
A) Lebos has the comparative advantage in both goods.
B) Lebos has the comparative advantage in food.
C) Slavia has the comparative advantage in food.
D) It would be impossible for Lebos and Slavia to gain from trade.
Correct Answer:
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