Multiple Choice
Assume that U.S. producers can manufacture cookies at a lower opportunity cost than Mexican producers. If this is the case
A) it will not be possible for Mexico to have an comparative advantage in the production of any other products.
B) Mexico could still have the comparative advantage in cookie production.
C) it would still be possible for Mexico to have a comparative advantage in trade for some other products.
D) Mexico would have the comparative advantage in all products compared to the United States.
Correct Answer:
Verified
Correct Answer:
Verified
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