Social Studies, 01.09.2021 22:20 kat9490
Felicidad's opportunity cost of producing 1 bushel of corn is ___ pair of jeans, and Bellissima's opportunity cost of producing 1 bushel of corn is
of jeans. Therefore,
has a comparative advantage in the production of com, and
has a comparative
advantage in the production of jeans.
Suppose that each country completely specializes in the production of the good in which it has a comparative advantage, producing only that good. In
this case, the country that produces corn will produce million bushels per month, and the country that produces jeans will produce
million pairs per month.
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