tatyanamarie1707 tatyanamarie1707
  • 25-01-2020
  • Business
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Suppose the United States has a comparative advantage over Mexico in producing pork. The principle of comparative advantage asserts that

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Dryomys Dryomys
  • 27-01-2020

Answer:

This principle states that a country has a comparative advantage in producing a commodity if the opportunity cost of producing that commodity is lower than the other country in terms of other commodity.

There are two countries: United states and Mexico and United states has a comparative advantage in producing pork because the opportunity cost of producing pork in United states in terms of other goods is less than the Mexico.

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