Given the data in the chart above, which statement explains why these three countries would benefit from specialization and trad
e?
Select one:
a. Each country has an absolute advantage in one activity.
b. No country has an absolute advantage in all activities.
c. One country has a comparative advantage in all activities.
d. One country has an absolute advantage in all activities.
Select one:
a. Each country has an absolute advantage in one activity.
b. No country has an absolute advantage in all activities.
c. One country has a comparative advantage in all activities.
d. One country has an absolute advantage in all activities.
1 answer:
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