If Colombia has a comparative advantage over Mexico in the production of coffee,it means:
A) Colombia probably sells coffee to Mexico.
B) Mexico is more productive at making coffee than Colombia.
C) Colombia has the ability to produce more coffee than Mexico with the same resources.
D) None of these is true.
Correct Answer:
Verified
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A)prices in different countries.
B)workers in
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Q15: Absolute advantage is the ability to produce:
A)more
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A) firms
B)
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A)at
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