The table shows the production possibilities for two countries, Colombia and Bolivia, which produce natural gas and
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The table shows the production possibilities for two countries, Colombia and Bolivia, which produce natural gas and soybeans. Ceteris paribus, based on this information and assuming constant opportunity costs for simplicity, has a comparative advantage in producing natural gas and has a comparative advantage in producing soybeans.
a. Colombia; Bolivia
b. Bolivia; Bolivia
c. Colombia; Colombia
d. Bolivia; Colombia
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Related Book For
Introduction To Economics Social Issues And Economic Thinking
ISBN: 9780470574782
1st Edition
Authors: Wendy A. Stock
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