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katerooshkie katerooshkie
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3 months ago
Scenario: Consider two economies, Beta and Zeta. Each farmer in Beta can grow 1,000 pounds of apples or 500 pounds of oranges in a year. Each farmer in Zeta can grow 400 pounds of apples or 1,200 pounds of oranges in a year.


Refer to the scenario above. Which of the following statements is TRUE in this case?

▸ Beta has a comparative advantage in producing apples.

▸ Beta has a comparative advantage in producing oranges.

▸ Zeta has an absolute advantage in producing apples.

▸ Zeta has a comparative advantage in producing apples.
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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DeeclaireDeeclaire
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Beta has a comparative advantage in producing apples.
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katerooshkie Author
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3 months ago
This helped my grade so much Perfect
ouasfoudgewu
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Yesterday
Thanks
mcraver1
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2 hours ago
Thanks
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