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Business, 24.06.2019 23:00 dillionmaggio

Suppose that italy and switzerland both produce jeans and olives. italy's opportunity cost of producing a crate of olives is 5 pairs of jeans while switzerland's opportunity cost of producing a crate of olives is 10 pairs of jeans. by comparing the opportunity cost of producing olives in the two countries, you can tell has a comparative advantage in the production of olives and has a comparative advantage in the production of jeans.

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Suppose that italy and switzerland both produce jeans and olives. italy's opportunity cost of produc...

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