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Assume the following information regarding the production potential of one unit of resources: Argentina Taiwan Beef 15 tons 6 tons Chips 1,800 units 1,500 units
Assume the following information regarding the production potential of one unit of resources:
Argentina Taiwan | Beef 15 tons 6 tons | Chips 1,800 units 1,500 units |
In trade between Argentina and Taiwan, Taiwan has
An absolute advantage in producing beef | ||
An absolute advantage in producing chips | ||
A comparative advantage in producing beef | ||
A comparative advantage in producing chips |
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