Business, 25.01.2020 05:31 ryleerose255
Suppose that costa rica is able to produce 50,000 pounds of coffee or 10,000 medical devices per day; vietnam is able to produce 40,000 pounds of coffee or 5,000 medical devices per day. which statement is true?
a. costa rica has an absolute advantage in medical device production, while vietnam has an absolute advantage in coffee production.
b. costa rica has a comparative advantage in the production of both coffee and medical devices.
c. costa rica has a comparative advantage in coffee production, while vietnam has a comparative advantage in the production of medical devices.
d. costa rica has a comparative advantage in the production of medical devices, while vietnam has a comparative advantage in coffee production.
Answers: 2
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Suppose that costa rica is able to produce 50,000 pounds of coffee or 10,000 medical devices per day...
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