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3. True / False? Explain. Given the information presented in the table below, Colombia has an absolute advantage in all products and therefore cannot benefit

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3. True / False? Explain. Given the information presented in the table below, Colombia has an absolute advantage in all products and therefore cannot benefit from trade. Note: the numbers in the table are representative of maximum output for each product. For example, at 100 coffee, Columbia is producing 0 wool; or alternatively at 50 wool, Colombia is producing 0 coffee. Graphical analysis required (PPF). Draw a PPF for each country on the same graph. Output at Full Specialization Colombia Scotland Coffee 100 10 Wool 50 40

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