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Author Question: Suppose that Argentina and Chile are both engaged in the production of copper and wheat, and that ... (Read 72 times)

pane00

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on: May 25, 2020
Suppose that Argentina and Chile are both engaged in the production of copper and wheat, and that Argentina has an absolute advantage in the production of both goods. If Chile has a lower opportunity cost for producing copper, then
◦ Chile has a comparative advantage in wheat production, but there will be no gains from specialisation and trade.
◦ Chile has a comparative advantage in the production of copper, and specialisation and trade between the two countries can be mutually beneficial.
◦ Argentina still has a comparative advantage in the production of both goods.
◦ Chile has a comparative advantage in the production of copper, but it is outweighed by Argentina's absolute advantage in wheat production.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by pane00 on May 25, 2020

BUTTHOL369

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Reply #1 on: May 25, 2020
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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pane00

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Reply 2 on: May 25, 2020
Excellent

tandmlomax84

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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