1. Business
  2. Economics
  3. choices 1 a or b 2corn or oil 3 oil...

Question: choices 1 a or b 2corn or oil 3 oil...

Question details

Country As PPF Country Ds PPF Oil (millions of bbls) Oil (milions of bbls) From tha PPFs shown above it can be determined that the opportunity cost of oll is higher in country B Given the comparative opportunity costs as revealed by the PPFs shown above, the comparative advantage for country A lies ino After these two countries specialize and trade with each other, country B will be importing oil Click to select your answer(s).

Choices

1) A or B

2)Corn or Oil

3) oil or both goods or corn

Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution