Between August 2007 and July 2008, Brazil exported more than 3.5 billion pounds of coffee to the rest of the world. Because of this, we know definitively that:

Question

Quizplus · Accepted Answer

The fact that Brazil exported more than 3.5 billion pounds of coffee in a year indicates that Brazil has a comparative advantage in coffee production. Comparative advantage means that Brazil can produce coffee at a lower opportunity cost compared to other countries, which is why it was able to export such a large amount. It does not necessarily imply that Brazil has an absolute advantage in coffee production (meaning it can produce coffee more efficiently than any other country).

Between August 2007 and July 2008, Brazil Exported More Than