Multiple Choice
Scenario: Norway and Sweden each produce cloudberries (CB) and salted cod (SC) . Their production possibilities curves for these two goods are shown below.
Production Possibilities: Norway and Sweden (thousands of kilos)
Opportunity Costs: Norway and Sweden
-Refer to the scenario above.________ has the comparative advantage in producing cloudberries,while ________ has the comparative advantage in producing salted cod.
A) Norway; Norway
B) Norway; Sweden
C) Sweden; Norway
D) Sweden; Sweden
Correct Answer:

Verified
Correct Answer:
Verified
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