-Using the data in the above table and assuming constant opportunity costs, it is correct to state that
A) the United States has a comparative advantage in producing food.
B) Mexico has an absolute advantage in producing both food and cloth.
C) the United States has a comparative advantage in producing both food and cloth.
D) Mexico has a comparative advantage in producing cloth.
Correct Answer:
Verified
Q23: Q24: Suppose that the opportunity cost of producing Q25: When the principle of comparative advantage determines Q26: Consider a world of two countries producing Q27: Consider the following information, and assume that Q29: A country will specialize in the good Q30: If country X can produce a unit
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