Canada has an absolute and a comparative advantage over Scotland in producing natural gas and an...
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Canada has an absolute and a comparative advantage over Scotland in producing natural gas and an absolute advantage over Scotland in salmon production. Scotland can produce both products, but only has a comparative advantage in producing salmon. Because Canada has a comparative advantage in natural gas production, it should Multiple Choice produce natural gas and trade with Scotland for salmon. produce salmon and trade with Scotland for natural gas let Scotland decide what Canada should produce. produce both natural gas and salmon and sell to Scotland. Canada has an absolute and a comparative advantage over Scotland in producing natural gas and an absolute advantage over Scotland in salmon production. Scotland can produce both products, but only has a comparative advantage in producing salmon. Because Canada has a comparative advantage in natural gas production, it should Multiple Choice produce natural gas and trade with Scotland for salmon. produce salmon and trade with Scotland for natural gas let Scotland decide what Canada should produce. produce both natural gas and salmon and sell to Scotland.
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Related Book For
Introduction To Economics Social Issues And Economic Thinking
ISBN: 9780470574782
1st Edition
Authors: Wendy A. Stock
Posted Date:
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