Title: The table below shows the quantities of rice and wheat that two countries can produce in a year if ...
Post by: carlvh37 on Dec 4, 2022
The table below shows the quantities of rice and wheat that two countries can produce in a year if they specialize in the production of each good.
Refer to the table above. Which of the following statements is TRUE in this case?
▸ Country Y has a comparative advantage in the production of rice.
▸ Country X has an absolute advantage in the production of wheat.
▸ Country X has an absolute advantage in the production of rice.
▸ Country Y has a comparative advantage in the production of wheat.
Refer to the table above. Which of the following statements is TRUE in this case?
▸ Country Y has a comparative advantage in the production of rice.
▸ Country X has an absolute advantage in the production of wheat.
▸ Country X has an absolute advantage in the production of rice.
▸ Country Y has a comparative advantage in the production of wheat.
Title: The table below shows the quantities of rice and wheat that two countries can produce in a year if ...
Post by: realistpnoy on Dec 4, 2022
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