In Colombia, it takes three workers to produce two pounds of coffee. In Mexico, it takes four workers to produce one pound of coffee. Therefore:
A) Colombia has a comparative advantage in the production of coffee.
B) Mexico has a comparative advantage in the production of coffee.
C) in Colombia, the opportunity cost of producing one pound of coffee is two-thirds.
D) Colombia has an absolute advantage in the production of coffee.
Correct Answer:
Verified
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