Business, 17.07.2020 23:01 sarabell7626
Alternate Outputs from One Day's Labor Input: USA: 12 bushels of wheat or 3 yards of textiles. India: 3 bushels of wheat or 12 yards of textiles. From the data, the USA:.
a) has an absolute advantage over India in the production of wheat.
b) should export textiles to India.
c) has an absolute advantage over India in the production of textiles.
d) has a comparative advantage in the production of textiles.
Answers: 1
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Alternate Outputs from One Day's Labor Input: USA: 12 bushels of wheat or 3 yards of textiles. India...
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