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In Canada, the opportunity cost for 1 ton of steel is 1 ton of soybeans, and for Brazil the opportunity cost for 1 ton of
In Canada, the opportunity cost for 1 ton of steel is 1 ton of soybeans, and for Brazil the opportunity cost for 1 ton of steel is 2 tons of soybeans. This means Blank______. Multiple choice question. Brazil has a comparative advantage in steel and should specialize in steel Canada has a comparative advantage in soybeans and should specialize in soybeans Canada has a comparative advantage in steel and should specialize in steel Canada has an absolute advantage in steel and should specialize in steel
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Principles of economics
Authors: N. Gregory Mankiw
6th Edition
978-0538453059, 9781435462120, 538453052, 1435462122, 978-0538453042
