Refer to the information provided in Table 33.1 below to answer the question(s) that follow.
Table 33.1
-Refer to Table 33.1. Guatemala should specialize in and export ________, and Mexico should specialize in and export ________.
A) oranges; oranges
B) bananas; bananas
C) bananas; oranges
D) oranges; bananas

Question

Refer to the information provided in Table 33.1 below to answer the question(s) that follow.
Table 33.1 
-Refer to Table 33.1. Guatemala should specialize in and export ________, and Mexico should specialize in and export ________.
A) oranges; oranges 
B) bananas; bananas 
C) bananas; oranges 
D) oranges; bananas

Quizplus · Accepted Answer

According to the table, Guatemala has a comparative advantage in producing bananas (lower opportunity cost) compared to oranges, while Mexico has a comparative advantage in producing oranges (lower opportunity cost) compared to bananas. Therefore, Guatemala should specialize in and export bananas, and Mexico should specialize in and export oranges. This aligns with option C: Guatemala exporting bananas and Mexico exporting oranges.

Refer to the Information Provided in Table 33