If Iowa's opportunity cost of corn is lower than Oklahoma's opportunity cost of corn, then Select one:
a. Iowa has an absolute advantage in the production of corn.
b. Iowa has a comparative advantage in the production of corn.
c. Oklahoma should produce just enough corn to satisfy its own residents' demands.
d. Iowa should import corn from Oklahoma.
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Home » Business » If Iowa's opportunity cost of corn is lower than Oklahoma's opportunity cost of corn, then Select one: a. Iowa has an absolute advantage in the production of corn. b. Iowa has a comparative advantage in the production of corn. c.