Question
Using the information about productivity in the table below, which country has comparative advantage producing cloaks? Which country has comparative advantage producing producing each good?
Using the information about productivity in the table below, which country has comparative advantage producing cloaks? Which country has comparative advantage producing producing each good?
| Cloaks | Brooches | |
| Lothlorien | 10 | 5 |
| Rivendell | 3 | 1 |
Group of answer choices
Brooches: Rivendell, Cloaks: Lothlorien
Brooches: Rivendell, Cloaks: Rivendell
Brooches: Lothlorien, Cloaks: Lothlorien
Brooches: Lothlorien, Cloaks: Rivendell
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Global Marketing
Authors: Johny K Johansson
5th Edition
0073381012, 9780073381015
