Use the following to answer questions:
-(Table: The Production Possibilities for Tractors and Crude Oil)Use Table: The Production Possibilities for Tractors and Crude Oil.Canada has a comparative advantage in _____,and Mexico has a comparative advantage in _____.

Question

Use the following to answer questions: 
-(Table: The Production Possibilities for Tractors and Crude Oil)Use Table: The Production Possibilities for Tractors and Crude Oil.Canada has a comparative advantage in _____,and Mexico has a comparative advantage in _____.

Quizplus · Accepted Answer

Canada has a comparative advantage in producing tractors if it can produce them at a lower opportunity cost than Mexico, while Mexico has a comparative advantage in producing crude oil if it can produce it at a lower opportunity cost than Canada.

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