Multiple Choice
Assume that in Canada the opportunity cost of producing one television set is two bushels of wheat. Assume that in the United States the opportunity cost of producing one bushel of wheat is two television sets. If these two countries specialize according to comparative advantage and then trade with each other:
A) Canada will import both televisions and wheat.
B) Canada will import wheat and export televisions.
C) the United States will import wheat and export televisions.
D) the United States will import both televisions and wheat.
Correct Answer:

Verified
Correct Answer:
Verified
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