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.
Correct Answer: Option B
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