Multiple Choice
-In Exhibit B-16, which of the following is true?
A) Country A has an absolute advantage in the production of oil.
B) Country B has an absolute advantage in the production of corn.
C) Country A has a relative advantage in the production of oil.
D) Country B has a relative advantage in the production of oil.
E) Both countries have an absolute advantage in the production of corn.
Correct Answer:
Verified
Correct Answer:
Verified
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