13. Which of the following statements about comparative advantage is true? a. Australia has a comparative advantage
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13. Which of the following statements about comparative advantage is true?
a. Australia has a comparative advantage in the production of food while Korea has a comparative advantage in the production of electronics.
b. Korea has a comparative advantage in the production of food while Australia has
c. a comparative advantage in the production of electronics. Australia has a comparative advantage in the production of both food and electronics.
d. Korea has a comparative advantage in the production of both food and electronics.
e. Neither country has a comparative advantage.
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Study Guide For N. Gregory Mankiw's Principles Of Microeconomics
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