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3. according to their comparative advantage, alphaland specializes in axes and betaville specializes in batons. alphaland will trade axes for batons if: (a) the price of batons is higher than alphaland's cost to produce axes. (b) the price of batons is lower than betaland's cost to produce axes. (c) the price of batons is lower than alphaland's cost to produce batons. (d) the price of batons is higher than betaland's cost to produce axes.
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3. according to their comparative advantage, alphaland specializes in axes and betaville specializes...
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