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Question 3 Corn 10 y United States China Which of the following statements about the graph shown here is FALSE? X Rice O The United States has the comparative advantage in growing corn. The United States can obtain rice at a lower opportunity cost if it trades corn with China than if it tried to grow rice. O Mark this question China has the absolute advantage in growing rice. If China trades rice for corn with the U.S., it will be the only country to benefit from the trade.

Question 3 Corn 10 y United States China Which of the following statements about the graph shown here is FALSE? X Rice O The United States has the comparative advantage in growing corn. The United States can obtain rice at a lower opportunity cost if it trades corn with China than if it tried to grow rice. O Mark this question China has the absolute advantage in growing rice. If China trades rice for corn with the U.S., it will be the only country to benefit from the trade.

Brief Principles of Macroeconomics (MindTap Course List)
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter3: Interdependence And The Gains Rrom Trade
Section3.2: Comparative Advantage: The Driving Force Of Specialization
Problem 2QQ
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Question 3 Corn -10 y United States China Which of the following statements about the graph shown here is FALSE? X Rice The United States has the comparative advantage in growing corn. The United States can obtain rice at a lower opportunity cost if it trades corn with Chine than if it tried to grow rice. O Mark this question China has the absolute advantage in growing rice. O If China trades rice for corn with the U.S., it will be the only country to benefit from the trade.
Transcribed Image Text:Question 3 Corn -10 y United States China Which of the following statements about the graph shown here is FALSE? X Rice The United States has the comparative advantage in growing corn. The United States can obtain rice at a lower opportunity cost if it trades corn with Chine than if it tried to grow rice. O Mark this question China has the absolute advantage in growing rice. O If China trades rice for corn with the U.S., it will be the only country to benefit from the trade.
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