Business, 14.06.2021 04:40 jgandarilla21
Use the table of production possibilities below to answer the question that follows.
Pecans (tons) Cranberries (tons)
United States 15 5
Canada 8 4
Which of the following is true about this data?
a. The United States has the absolute advantage in producing pecans.
b. Canada has the absolute advantage in producing cranberries.
c. Canada has the absolute advantage in producing pecans.
d. Canada has a lower opportunity cost for the production of pecans.
e. Neither country can benefit from specialization and trade.
Answers: 2
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Use the table of production possibilities below to answer the question that follows.
Pecans (tons)...
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