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 export both televisions and wheat.
B) Canada will export wheat and import televisions.
C) the United States will export wheat and import televisions.
D) the United States will export both televisions and wheat.
Correct Answer:

Verified
Correct Answer:
Verified
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