1.Goods

Country-A

Country-B

Soybeans

3 hrs/unit

9 hrs/unit

Oranges

1 hrs/unit

2 hrs/unit

Refer to the table above. Country A has a comparative advantage in

Select one:

a.

both soybeans and oranges

b.

Soybeans

c.

Neither soybeans nor oranges

d.

Oranges

Given constant returns to scale between labor and output, if it takes 1 hour to make 10 meters of cloth, then 100 cloth can be made in

Select one:

a.Can't tell without knowing how much capital is used

b.

100 hours

c.

10 hours

d.

1000 hours