Suppose that the opportunity-cost ratio for sugar and almonds is 4 S 1 A in Hawaii
Question:
Suppose that the opportunity-cost ratio for sugar and almonds is 4S ≡ 1A in Hawaii but 1S ≡ 2A in California. Which state has the comparative advantage in producing almonds?
a. Hawaii.
b. California.
c. Neither.
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Answer b California Feedback California has the comparative advantage in producing alm...View the full answer
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Related Book For 
Microeconomics Principles, Problems and Policies
ISBN: 978-1259450242
20th edition
Authors: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn
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