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3 (ILO2): Australia and South Korea can both produce food products and vehicles (both ships and cars). In a year they can produce the following
3 (ILO2): Australia and South Korea can both produce food products and vehicles (both ships and cars). In a year they can produce the following amount of. South Korea (ROK) Australia Food (millions of tonnes) Vehicles (millions of tonnes) Food (millions of tonnes) Vehicles (millions of tonnes) 8 0 16 0 0 8 0 8 a) Which country has the absolute advantage in: I. Food production? II. Vehicle production? b) What is oppo
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