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Title: Let's assume producers in Canada can make 200 units of beef or 50 units of oranges, and U.S. produce Post by: Sublight2097 on Jun 20, 2015 Let's assume producers in Canada can make 200 units of beef or 50 units of oranges, and U.S. producers can make 50 units of beef or 200 units of oranges per time period. Pick the true statement:
A) The U.S. has a comparative advantage in orange production because it can produce more than Canada. B) Canada has a comparative advantage in beef production because it can produce more than the U.S. C) Both of the above are true. D) None of the above is true. Title: Re: Let's assume producers in Canada can make 200 units of beef or 50 units of oranges, and U.S. pro Post by: Chimelo46 on Aug 22, 2015 Content hidden
Title: Re: Let's assume producers in Canada can make 200 units of beef or 50 units of oranges, and U.S. produce Post by: Sublight2097 on Aug 31, 2015 I've noticed they use a lot of trickery with their questions. Thank you for your input.
Title: Re: Let's assume producers in Canada can make 200 units of beef or 50 units of oranges, and U.S. produce Post by: Chimelo46 on Aug 31, 2015 The textbook reference in your signature really helped me narrow it down.
Happy to help ;) |