Question: 49. Comparative Advantage Based on the information below choose the best answer: Argentina and Brazil each have 10,000 hours of labor per month. In Argentina,

49. Comparative Advantage Based on the information below choose the best

49. Comparative Advantage Based on the information below choose the best answer: Argentina and Brazil each have 10,000 hours of labor per month. In Argentina, producing one pound coffee requires 2 hours producing one bottle wine requires 4 hours In Brazil, producing one pound coffee requires 1 hour producing one bottle wine requires 5 hours Argentina has a comparative advantage in coffee production and Brazil has a comparative advantage in wine production. O Neither has comparative advantage Argentina has a comparative advantage in wine production and Brazil has a comparative advantage in coffee production. Argentina has a absolute advantage in coffee production and Brazil has a absolute advantage in wine production

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