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Title: Corinthia and Berylia both produce 5 million watches in a year. The opportunity cost of producing ... Post by: agoldberg2011 on Nov 27, 2022 Corinthia and Berylia both produce 5 million watches in a year. The opportunity cost of producing one watch is 2 shirts in Corinthia, while the opportunity cost of producing one watch is 3 shirts in Berylia. Which of the following statements is TRUE in this case?
▸ Corinthia has an absolute advantage in producing watches. ▸ Berylia has a comparative advantage in producing watches. ▸ Berylia has an absolute advantage in producing watches. ▸ Corinthia has a comparative advantage in producing watches. Title: Corinthia and Berylia both produce 5 million watches in a year. The opportunity cost of producing ... Post by: voltayre on Nov 27, 2022 Content hidden
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