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Multiple Choice Question In a hypothetical situation, the United States and Mexico have labor forces of the same size. The production possibilities curves in the
Multiple Choice Question In a hypothetical situation, the United States and Mexico have labor forces of the same size. The production possibilities curves in the figure show that the United States has an absolute advantage over Mexico in vegetables and beef. If both countries use the same amount of resources on those products, which of the following statements is true? Multiple choice question. Mexico can produce both products at a lower opportunity cost. The United States can produce both products at a lower opportunity cost. The United States can produce more of both goods. Mexico can produce more of both goods before specialization
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