Multiple Choice
Figure 3-8
-Refer to Figure 3-8.Chile has an absolute advantage in the production of
A) coffee and Colombia has an absolute advantage in the production of soybeans.
B) soybeans and Colombia has an absolute advantage in the production of coffee.
C) both goods and Colombia has an absolute advantage in the production of neither good.
D) neither good and Colombia has an absolute advantage in the production of both goods.
Correct Answer:
Verified
Correct Answer:
Verified
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