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Author Question: Suppose two countries each produce wool and cotton. The country with the lower opportunity cost for ... (Read 56 times)

kled

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on: Oct 12, 2022
Suppose two countries each produce wool and cotton. The country with the lower opportunity cost for cotton (in terms of wool) is said to have
◦ a comparative advantage in the production of cotton.
◦ an absolute advantage in the production of both wool and cotton.
◦ a comparative advantage in the production of wool.
◦ an absolute advantage in the production of cotton.
◦ an absolute advantage in the production of wool.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by kled on Oct 12, 2022

lactosetheintolerant

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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kled

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

triiciiaa

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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