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Sublight2097 Sublight2097
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Posts: 4132
8 years ago
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.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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Chimelo46Chimelo46
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8 years ago
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Sublight2097 Author
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8 years ago
I've noticed they use a lot of trickery with their questions. Thank you for your input.
wrote...
8 years ago
The textbook reference in your signature really helped me narrow it down.

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