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Australia Korea Output Food obam lanolism Electronics (no. units/worker/month) (no. units/worker/month) 20 8 5 8. From the production data, which one of the following
Australia Korea Output Food obam lanolism Electronics (no. units/worker/month) (no. units/worker/month) 20 8 5 8. From the production data, which one of the following statements can be made about absolute advantage? a. Korea has an absolute advantage in the production of both food and electronics. b. Australia has an absolute advantage in the production of both food and electronics. c. Australia has an absolute advantage in the production of food, while Korea has an absolute advantage in the production of electronics. d. Korea has an absolute advantage in the production of food, while Australia has an absolute advantage in the production of electronics.
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