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Let's assume that there are only two countries in the world (the USA and Canada) and two goods (cheese and wine). If Canada has lower
Let's assume that there are only two countries in the world (the USA and Canada) and two goods (cheese and wine). If Canada has lower opportunity cost in producing wine as compared to the USA Question 59 options: Canada has comparative advantage only in cheese Canada has absolute advantage only in cheese The USA has comparative advantage only in cheese The USA has absolute advantage only in cheese
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Economics
Authors: Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn
18th edition
978-0077413798, 0-07-336880-6, 77413792, 978-0-07-33688, 978-0073375694
