In one year,Brazil exported more than 1.8 billion kilograms of coffee to the rest of the world.We can conclude that
A) Brazil has comparative advantage in coffee production.
B) Brazil has an absolute advantage in coffee production.
C) the rest of the world has a comparative advantage in coffee production.
D) the rest of the world has an absolute advantage in coffee production.
E) Brazil's government has placed a tariff on coffee.
Correct Answer:
Verified
Q2: Canada produces both lumber and wine.Canada exports
Q3: Suppose that the world price of eggs
Q4: Suppose that the world price of eggs
Q5: Prior to international trade,if the price of
Q6: Compared to the situation before international trade,after
Q7: Refer to the table below to answer
Q8: Compared to the situation before international trade,after
Q9: Canada produces both lumber and wine.Canada exports
Q10: Goods and services that we buy from
Q11: Canada has a comparative advantage in producing
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