Brazil can produce 100 pounds of beef or 10 autos. In contrast the United States can
Chapter 33, Problem 2(choose chapter or problem)
Brazil can produce 100 pounds of beef or 10 autos. In contrast the United States can produce 40 pounds of beef or 30 autos. Which country has the absolute advantage in beef? Which country has the absolute advantage in producing autos? What is the opportunity cost of producing one pound of beef in Brazil? What is the opportunity cost of producing one pound of beef in the United States?
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