Summary of production conditions in countries l and ll.
From the table, we can correctly say in respect of international trade that
a
country I has absolute disadvantage in the production of both cocoa and cloth
b
country I has absolute advantage in the prodcttion of both cocoa and cloth
c
country ll has absolute advantage in the production of both cocoa and cloth
d
country ll has a comparative advantage in the production of cocoa
e
country ll should leave the production of both cocoa and cloth to country l.
Explanation
Correct Option
bNo explanation available
Video Explanation
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