It takes country X 1 unit of labor to produce either a computer or a TV and

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It takes country X 1 unit of labor to produce either a computer or a TV and it takes country Y 2 units of labor to produce a computer and I unit of labor to produce a TV. Based on this information, country X has

a. A comparative advantage in producing both goods.

b. An absolute advantage in producing both goods.

c. A comparative and absolute advantage in producing both goods.

d. An absolute and comparative advantage in producing computers.

e. A comparative and absolute advantage in producing TVs.

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Introduction To Economics Social Issues And Economic Thinking

ISBN: 9780470574782

1st Edition

Authors: Wendy A. Stock

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Question Posted: Oct 28, 2023 08:36 AM

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It takes country X 1 unit of labor to produce either a computer or a TV and

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b An absolute advantage in producing both goods Country X can produce both computers and ...View the full answer

Introduction To Economics Social Issues And Economic Thinking

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