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QUESTION 4 2 points Save Answer .u An average worker in Brazil can produce an ounce of soybeans in 20 minutes and an ounce of coffee in 60 minutes, while an average worker in Peru can produce an ounce of soybeans in 80 minutes and an ounce of coffee in 120 minutes. Who has absolute advantage in coffee? Brazil Peru O Neither country.
QUESTION 5 2 points Save Answer Who has comparative advantage in coffee? Brazil Peru Neither countrv
QUESTION6 2 pointsSave Answer If the two countries specialize and trade with each other, who will import coffee? Brazil Peru O There is no room for specialization and trade in this scenario.
QUESTION 7 2 points Save Answer Of the following four terms of trade, which is both (i) beneficial to both Brazil and Peru and () most desirable from the perspective of Peru? 1 lb. of coffee for 3.25 lbs. of soybeans O 1 lb. of coffee for 2.5 lbs. of soybeans O 1 lb. of coffee for 1.75 lbs. of soybeans O 1 lb. of coffee for 1 lb. of soybeans
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