Guadalupe Ramsey

Business

1 June, 19:43

brazil could produce coffee and rice. however, because of the climate and land of brazil, coffee is much cheaper and faster to produce. china could produce rice and coffee as well; however, because of the climate and land of china, rice is much cheaper and faster to produce. based on this scenario, which of the following statements is true? [a] in this example, brazil has a comparative advantage in producing coffee, and china has a comparative advantage in producing. [b] in this example, brazil has an absolute advantage in producing rice and coffee. [c] in this example, brazil has a comparative advantage in producing rice, china has a comparative advantage in producing coffee. [d] in this example, china has an absolute advantage in producing rice and coffee.