4. Suppose that the opportunity-cost ratio for sugar and almonds is 4S 1A in Hawaii but...
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4. Suppose that the opportunity-cost ratio for sugar and almonds is 4S ≡ 1A in Hawaii but 1S ≡ 2A in California. Which state has the comparative advantage in producing almonds? LO26.2
a. Hawaii.
b. California.
c. Neither.
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Related Book For 
Microeconomics Principles, Problems, And Policies
ISBN: 9781259915727
21st Edition
Authors: Campbell McConnell
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