Narrbegin Exhibit 18.3 Potatoes and wheat output (tonnes per day)
$$\begin{array} { | l | c | c | }
\hline \text { Cuuntry } & \text { Putatoes } & \text { Wheat } \
\hline \text { Australia } & 4 & 2 \
\hline \text { Ireland } & 3 & 1 \
\hline
\end{array}$$
-In Exhibit 18.3, Australia has a comparative advantage in producing:

Question

Narrbegin Exhibit 18.3 Potatoes and wheat output (tonnes per day)
 $$\begin{array} { | l | c | c | } 
\hline \text { Cuuntry } & \text { Putatoes } & \text { Wheat } \
\hline \text { Australia } & 4 & 2 \
\hline \text { Ireland } & 3 & 1 \
\hline
\end{array}$$ 
-In Exhibit 18.3, Australia has a comparative advantage in producing:

Quizplus · Accepted Answer

Australia has a comparative advantage in producing wheat because it has a lower opportunity cost for producing wheat compared to Ireland. To produce 1 tonne of wheat, Australia has to give up 2 tonnes of potatoes (4/2), whereas Ireland has to give up 3 tonnes of potatoes (3/1) for 1 tonne of wheat.

Narrbegin Exhibit 18 -In Exhibit 18