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Home Q & A Board Other Fields Homework Help Business Economics
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sgy_89 sgy_89
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7 years ago
Suppose that Italy can produce either 20 bicycles or 100 calculators with a unit of resources and that Taiwan can produce either 10 bicycles or 80 calculators. Which of the following statements is true?
A) Taiwan has a comparative advantage in calculators.
B) Taiwan has an absolute advantage in bicycles.
C) Italy has a comparative advantage in calculators.
D) Taiwan has an absolute advantage in calculators.
Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
Author:
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VilaVila
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#1
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7 years ago
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