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Corinthia and Berylia both produce 5 million watches in a year. The opportunity cost of producing ...

agoldberg2011

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Corinthia and Berylia both produce 5 million watches in a year. The opportunity cost of producing ...

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.

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

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voltayre

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More solutions for this book are available here

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agoldberg2011 Author

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2 months ago

Thanks for your help!!

Gamiung3657

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Good timing, thanks!

decibul

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I appreciate what you did here, answered it right Smiling Face with Open Mouth

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