During the first 6 months of 2008, the United States imported from Africa, Asia, and Latin America more than 1.6 billion pounds of coffee and did not export any coffee. Based on this, we know definitively that:
A) The US has comparative advantage in coffee production
B) The US has absolute advantage in coffee production
C) The Africa, Asia, and Latin America has comparative advantage in coffee production
D) The Africa, Asia, and Latin America has absolute advantage in coffee production
Correct Answer:
Verified
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