Table 1 shows the units of output a worker can produce per month in Australia and Korea. ?
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Refer to table 1. Which of the following statements about comparative advantage is true?
A) Australia has a comparative advantage in the production of both food and electronics.
B) Korea has a comparative advantage in the production of both food and electronics.
C) Australia has a comparative advantage in the production of food while Korea has a comparative advantage in the production of electronics.
D) Korea has a comparative advantage in the production of food while Australia has a comparative advantage in the production of electronics.
E) Neither country has a comparative advantage.
Correct Answer:
Verified
Q26: Exhibit 2 Q27: Table 1 shows the units of Q28: Table 1 shows the units of Q29: Suppose a country's workers can produce 4 Q30: If free trade is allowed, a country
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