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1. Let tables A and B represent the Production Possibilities Schedules of two hypothetical economies. Sports Cars Computers Country B Sports Cars Computers Which country
1. Let tables A and B represent the Production Possibilities Schedules of two hypothetical economies. Sports Cars Computers Country B Sports Cars Computers Which country has an absolute disadvantage in Sports Cars production? Which country has an absolute disadvantage in Computer production? Which country has a comparative disadvantage in Sports Cars production? Which country has a comparative disadvantage in Computer production? What is the opportunity cost of Sports Cars in Country A? What is the opportunity cost of Sports Cars in Country B? What is the opportunity cost of Computers in Country A? What is the opportunity cost of Computers in Country B? Which country will specialize in the production of Sports Cars? Which country will specialize in the production of Computers? 'r'r'z'anhmnpp 2. "Trade restrictions are a double-edged sword\". Is this statement true or false? Take a position and support it using materials from the text and outside sources. Please cite your sources
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