Solved

In Colombia, It Takes Three Workers to Produce Two Pounds

Question 79

Multiple Choice

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:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents