Multiple Choice
The following table summarizes the production relationships in Mexico and Guatemala to produce tomatoes and beer:Table 16.1
Hours of Labor Required to Produce
-Refer to Table 16.1. Use the following statements to answer this question. I. Mexico has an absolute advantage in the production of tomatoes and beer.
II) Mexico has a comparative advantage in the production of tomatoes.
A) Both I and II are true.
B) I is true, and II is false.
C) I is false, and II is true.
D) Both I and II are false.
Correct Answer:

Verified
Correct Answer:
Verified
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