The nation of Woodland forbids international trade.In Woodland,you can exchange 1 pound of chicken for 5 pounds of salt.In other countries,you can exchange 1 pound of chicken for 7 pounds of salt.These facts indicate that
A) Woodland has a comparative advantage, relative to other countries, in producing chicken.
B) other countries have an absolute advantage, relative to Woodland, in producing chicken.
C) the price of chicken in Woodland exceeds the world price of chicken.
D) if Woodland were to allow trade, it would export salt.
Correct Answer:
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