Multiple Choice

-Exhibit EE-3 shows Brazil's and Cuba's production possibilities of sugar and tobacco. Which of the following is true?
A) Cuba has the comparative advantage in the production of both sugar and tobacco.
B) Brazil has the comparative advantage in the production of both sugar and tobacco.
C) The opportunity costs of producing both goods are identical in both countries.
D) Brazil has the comparative advantage in the production of tobacco.
E) Cuba has the comparative advantage in the production of sugar.
Correct Answer:
Verified
Related Questions
Q49: Having a comparative advantage in the production
Q50: If Canada has a comparative advantage over
Q51: If Canada has an absolute advantage over