Multiple Choice
Suppose that Canada can produce 15 timber or 3 film and Mexico can produce 9 timber or 3 film.Suppose that opportunity costs are constant.Which of the following is FALSE?
A) Canada has an absolute advantage in timber production.
B) Mexico has a comparative advantage in film production.
C) The opportunity costs for producing timber are lower in Canada than in Mexico.
D) Canada and Mexico would find trade mutually advantageous at a ratio of one unit of film to six units of timber.
Correct Answer:

Verified
Correct Answer:
Verified
Q15: Competition between the United States and Mexico
Q16: Which of the following is true?<br>A)Adam Smith
Q17: Given that Sandy can produce 10 economics
Q18: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3033/.jpg" alt=" The
Q19: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3033/.jpg" alt=" The
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