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Please solve: Country 1 Country 2 HotDogs Pa'=3/2 120 110 70 Based on the graph above, which country has a comparative advantage in Hamburgers? 0

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Country 1 Country 2 HotDogs Pa'=3/2 120 110 70 Based on the graph above, which country has a comparative advantage in Hamburgers? 0 Country 1 0 Country 2 0 Country 1 and Country 2 both have a comparative advantage in hamburgers 0 Neither country has a comparative advantage in hamburgers After each country specializes in their comparative advantage, how much will Country 1 export? O 30 Hamburgers O 90 Hamburgers O 40 Hot Dogs 0 60 Hot Dogs After specialization and trade take place, how much has Country 2 gained from trade? 0 60 Hot Dogs and 20 Hamburgers O 110 Hot Dogs and 10 Hamburgers O 70 Hot Dogs and 40 Hamburgers O 10 Hot Dogs and 20 Hamburgers What are the terms of trade between the two countries? 0 3/4 Hot Dog for 1 Hamburger O 1/2 Hot Dog for 1 Hamburger O 1 Hot Dog for 3/2 Hamburger O 1 Hot Dog for 3/4 Hamburger

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