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MMLU / Given the table below which statement is true? Labor hours needed to produce a…

Problem

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question

Given the table below which statement is true? Labor hours needed to produce a unit of: Country      Wine      Cheese France      40      80 Belgium      15      60

choices

  1. France has the absolute advantage in both products.
  2. France should specialize in and export wine while Belgium should specialize in and export cheese.
  3. France has the comparative advantage in cheese.
  4. France has the absolute advantage in cheese.

subject

high_school_macroeconomics

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