Multiple Choice
Consider the following table on labor hours needed per unit of output: 
Ignoring nonlabor inputs,which of the following statements is correct?
A) All of the following are correct.
B) The opportunity cost of a computer equals 1/4 unit of wine in Italy.
C) The opportunity cost of a computer equals 1/2 unit of wine in France.
D) Italy has a comparative advantage in computers.
E) Italy has a comparative advantage in wine.
Correct Answer:
Verified
Correct Answer:
Verified
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