Exhibit 33-1

-Refer to Exhibit 33-1. Country A is the lower opportunity cost producer of

Name: Exhibit 33-1 -Refer to Exhibit 33-1. Country A is the lower opportunity cost producer of
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Question

Exhibit 33-1
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-Refer to Exhibit 33-1. Country A is the lower opportunity cost producer of

Quizplus · Accepted Answer

Country A is the lower opportunity cost producer of good X because it can produce it at a lower cost in terms of the other good it has to give up compared to Country B. This is determined by comparing the opportunity costs of producing one good over the other in each country.

Exhibit 33-1 ​

Exhibit 33-1