Multiple Choice
In Lithasia,the opportunity cost of producing a chair is 2 tables and in Barylia,the opportunity cost of producing a chair is 1/2 table.Which of the following statements is true?
A) Barylia has a comparative advantage in producing chairs.
B) Lithasia has a comparative advantage in producing chairs.
C) Barylia has a comparative advantage in producing tables.
D) Lithasia has a comparative disadvantage in producing tables.
Correct Answer:

Verified
Correct Answer:
Verified
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