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(05.04 MC) A table with title: Hours to Produce One Liquid Unit. Greece produces olive oil in 35 worker hours and wine in 60 worker
(05.04 MC) A table with title: Hours to Produce One Liquid Unit. Greece produces olive oil in 35 worker hours and wine in 60 worker hours. Given the data in the chart above, which statement explains why these three countries would benefit from specialization and trade? (4 points) Question 17 options: 1) Each country has an absolute advantage in one activity. 2) No country has an absolute advantage in all activities. 3) One country has a comparative advantage in all activities. 4) One country has an absolute advantage in all activities
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