Suppose Mexico exports vegetables to Brazil and imports flashlights used for mining from Brazil. The output per
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Suppose Mexico exports vegetables to Brazil and imports flashlights used for mining from Brazil. The output per worker per day in each country is as follows:
Which country has a comparative advantage in the production of vegetables, and what is the most relevant opportunity cost?
A. Brazil: 2 vegetables per flashlight B. Mexico: 1.5 vegetables per flashlight C. Mexico: \(1 / 3\) flashlight per vegetable
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Related Book For
Economics For Investment Decision Makers
ISBN: 9781118111963
1st Edition
Authors: Sandeep Singh, Christopher D Piros, Jerald E Pinto
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