Question
China is Australia's largest export market. Australia predominantly exports iron ore to China. Meanwhile, China exports consumer goods such as computers to Australia. which one
China is Australia's largest export market. Australia predominantly exports iron ore to China. Meanwhile, China exports consumer goods such as computers to Australia.
which one is trueChina has a comparative advantage in producing iron ore.
Australia has a higher opportunity cost of producing computers.
China has a lower opportunity cost of producing iron ore.
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The End Of Poverty Economic Possibilities For Our Time
Authors: Jeffrey D Sachs, Bono
1st Edition
0143036580, 9780143036586
