Refer to the information provided in Table 18.3 below to answer the questions that follow.
Table 18.3
-Refer to Table 18.3. If the exchange rate is $1 = 2 euros, then

Question

Refer to the information provided in Table 18.3 below to answer the questions that follow.
Table 18.3 
-Refer to Table 18.3. If the exchange rate is $1 = 2 euros, then

Quizplus · Accepted Answer

Based on the table, the United States has a comparative advantage in chocolate production with a lower opportunity cost of 2.5 raspberries compared to Belgium's opportunity cost of 4 raspberries. Belgium has a comparative advantage in raspberry production with a lower opportunity cost of 0.25 chocolates compared to the United States' opportunity cost of 0.4 chocolates. Therefore, the United States will import raspberries from Belgium, and Belgium will import chocolate from the United States.

Refer to the Information Provided in Table 18