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1. Iceland and Norway produce cod and lumber. This table shows the quantity (in metric tons) of each product that each country produces in a

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1. Iceland and Norway produce cod and lumber. This table shows the quantity (in metric tons) of each product that each country produces in a year: (4 points) Annual Output Cod Lumber Iceland 50 10 Norway 20 60 a. Does either country have an absolute advantage in cod? If so which country? Why? b. Does either country have an absolute advantage in ber ? If whic country? Why

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