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US and Canada can both grow wheat and can do mining. Use the following table to look for which country has a comparative advantage in mining. (Hint: Find the cost of mining in terms of wheat in each country.)

            Absolute     Absolute

           Cost in US  Cost in Canada

Wheat     $5            C$8

Mining     $10           C$12

Econometrics, Economics

  • Category:- Econometrics
  • Reference No.:- M9473552

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