If Brazil Has a Comparative Advantage Relative to Cuba in the Production

question 166

Multiple Choice

If Brazil has a comparative advantage relative to Cuba in the production of sugar cane,then

• A)the average cost of production for sugar cane is lower in Brazil than in Cuba.
• B)the implicit costs of production for sugar cane are lower in Brazil than in Cuba.
• C)the opportunity cost of production for sugar cane is lower in Brazil than in Cuba.
• D)the explicit cost of production for sugar cane is lower in Brazil than in Cuba.

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Definitions:

Natural-Resource Abundant

Refers to countries or regions possessing significant amounts of valuable natural resources, such as minerals, oil, or fertile land, which can contribute to their economic growth and development.

Land-Intensive

Describes production processes or industries that require a large amount of land to produce goods or services, compared to labor or capital.

Petroleum Exports

The selling and shipment of petroleum products from one country to another.

Petroleum Imports

These refer to the acquisition of crude oil or refined petroleum products from foreign countries.