Read the information provided below carefully and answers thequestions mentioned below. Consider if, Argentina and...

Consider if, Argentina and Brazil each have 10,000 hours of labor per month. In Argentina, producing one pound coffee requires 2 hours producing one pound of nuts requires 4 hours in Brazil, producing one pound coffee requires 1 hour producing one pound of nuts requires 5 hours find out:

(a) Which country has an absolute advantage in the production of coffee?

(b) Which country has a comparative advantage in the production of nuts?

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Rahul Sunny answered 1 year ago

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