Suppose That in Colombia One Unit of Labor Can Produce

question 90

Multiple Choice

Suppose that in Colombia one unit of labor can produce 8 tons of papayas or 2 tons of bananas and in Brazil, one unit of labor can produce either 4 tons of papayas or 1 ton of bananas.Given this information, which of the following statements is true?

• A)Columbia has a comparative advantage in producing papayas but not bananas.
• B)Columbia has a comparative advantage in producing papayas and bananas.
• C)These countries would increase combined consumption if they specialized and traded.
• D)These countries cannot gain from trading.

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