Exhibit 15-3 Potatoes and wheat output (tons per day) 
If each nation in Exhibit 15-3 specializes in producing the good for which it has a comparative advantage, then:
A) Ireland would produce neither potatoes or wheat.
B) the United States would produce both potatoes and wheat.
C) the United States would produce potatoes.
D) Ireland would produce potatoes.
Correct Answer:
Verified
Q19: Specialization and trade allow an economy to
Q20: Comparative advantage indicates that:
A) specialization and exchange
Q21: Exhibit 15-3 Potatoes and wheat output (tons
Q24: If a country has a lower opportunity
Q25: If one country can produce a good
Q26: If nation A has a comparative advantage
Q27: Absolute advantage occurs when one nation can
Q28: A country is said to have an
Q41: When Brazil can generate a product using
Q158: The theory of comparative advantage suggests that
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