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China is Australia's largest export market. Australia predominantly exports iron ore to China. Meanwhile, China exports consumer goods such as computers to Australia. Australia has

China is Australia's largest export market. Australia predominantly exports iron ore to China. Meanwhile, China exports consumer goods such as computers to Australia.

  1. Australia has a comparative advantage in producing iron ore.
  2. Australia has a higher opportunity cost of producing computers.
  3. China has a comparative advantage in producing iron ore.

Which is true?

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