Multiple Choice
Poland requires 4 hours of labor to produce 1 ton of coal and 1 hour of labor to produce a bushel of wheat. The Czech Republic requires 6 hours of labor to produce 1 ton of coal and 1 hour of labor to produce a bushel of wheat. Which country has an absolute advantage in the production of wheat?
A) Poland
B) the Czech Republic
C) Neither country has an absolute advantage.
D) Both countries have an absolute advantage.
Correct Answer:
Verified
Correct Answer:
Verified
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