Business, 06.05.2020 16:58 heavendl13

If Korea is capable of producing either shoes for soccer balls or some combination of the two then
a. Korea should specialize in the product in which it has an absolute advantage.
b. it would be impossible for Korea to have an absolute advantage over another country in both products.
c. Korea is efficient in the production of both goods.
d. Korea’s opportunity cost of shoes is the inverse of its opportunity cost of soccer balls.

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If Korea is capable of producing either shoes for soccer balls or some combination of the two then