Business, 13.03.2020 16:14 keasiabradley
Employing all its available resources, Nation Alpha can produce either 800 units of chemicals or 1,600 units of clothing. Nation Beta can produce either 200 units of chemicals or 800 units of clothing.
1. Nation Alpha has a comparative advantage in producing clothing.
2. Nation Beta has a comparative advantage in producing chemicals.
3. Nation Alpha has a comparative advantage in producing chemicals.
4. Nation Beta is the high-cost producer of clothing.
Answers: 2
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Employing all its available resources, Nation Alpha can produce either 800 units of chemicals or 1,6...
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