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vlademirsimon vlademirsimon
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2 years ago
Suppose two countries each produce wool and cotton. The country with the higher opportunity cost for cotton (in terms of wool) must also have

▸ an absolute advantage in the production of cotton.

▸ a comparative advantage in the production of cotton.

▸ an absolute advantage in the production of both wool and cotton.

▸ an absolute advantage in the production of wool.

▸ a comparative advantage in the production of wool.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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LaceyCGibsonLaceyCGibson
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vlademirsimon Author
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2 years ago
Helped a lot
Holly72492
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Yesterday
This helped my grade so much Perfect
emilyas19
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2 hours ago
Good timing, thanks!
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