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Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772 Exercise 3
Suppose that the opportunity-cost ratio for sugar and almonds is 4 S = 1 A in Hawaii but 1 S = 2 A in California. Which state has the comparative advantage in producing almonds?
A) Hawaii.
B) California.
C) Neither.
A) Hawaii.
B) California.
C) Neither.
Explanation
Verified
Verified
Hence, the correct answer is b. Californ...
Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
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