Suppose Mexico exports vegetables to Brazil and imports flashlights used for mining from Brazil. The output per

Question:

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:

image text in transcribed

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

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Economics For Investment Decision Makers

ISBN: 9781118111963

1st Edition

Authors: Sandeep Singh, Christopher D Piros, Jerald E Pinto

Question Posted: