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Thailand has a comparative advantage in rice production while Indonesia has a comparative advantage in cell phone production. Also, Indonesia has abosolute advantages in production
- Thailand has a comparative advantage in rice production while Indonesia has a comparative advantage in cell phone production. Also, Indonesia has abosolute advantages in production of both goods. Under this scenario, both country can benefit if
- A.Thailand exports rice and imports cell phones.
- B.Indonesia exports both cell phones and rice.
- C.Indonesia exports rice and imports cell phones
- D.Thailand imports both cell phones and rice.
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