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(Table: Production Possibilities for the United States and Canada) Based

Question 74

Essay

(Table: Production Possibilities for the United States and Canada) Based on the production possibilities for the United States and Canada, which of the following is true?
A.Both the United States and Canada have an absolute advantage in producing lumber.
B.Neither the United States nor Canada has an absolute advantage in producing lumber.
C.The United States has an absolute advantage in producing lumber.
D.Canada has an absolute advantage in producing lumber.

Correct Answer:

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Canada has an absolu...

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