Question
Question Three (worth five points) T/F. Explain. Assume that one piece of property is being used to grow wheat and another piece of property was
Question Three (worth five points)
T/F. Explain. Assume that one piece of property is being used to grow wheat and another piece of property was used to grow wheat but is in the process of having homes built upon it. Then we know that the piece of property used to grow wheat is more productive in growing wheat (that is yields more wheat per acre with the same resources) than the piece of property that homes are being built upon. (Hint: the correct answer involves using the concept of absolute advantage and comparative advantage. But don't use the terms, just tell a story that would convince someone that the assertion is false.)
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