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Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn
Edition 20ISBN: 978-0077660895Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn
Edition 20ISBN: 978-0077660895 Exercise 19
Suppose that the opportunity-cost ratio for sugar and almonds is 4S = IA in Hawaii but IS = 2A in California. Which state has the comparative advantage in producing almonds?
A) Hawaii.
B) California.
C) Neither.
A) Hawaii.
B) California.
C) Neither.
Explanation
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In this scenario, Hawaii would give up 4...
Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn
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