True/False
If England uses one week's time to produce 10 yards of cloth or 2 barrels of wine and Portugal uses one week's time to produce 12 yards of cloth or 6 barrels of wine, then England has a comparative advantage in the production of cloth.
Correct Answer:

Verified
Correct Answer:
Verified
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Q32: Figure 34-5<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8592/.jpg" alt="Figure 34-5
Q33: Absolute advantage is the ability to produce
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Q38: Figure 34-1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8592/.jpg" alt="Figure 34-1
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Q40: Figure 34-8<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8592/.jpg" alt="Figure 34-8
Q41: What matters most in determining efficient distribution