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Assume Italy and Mali can both produce grain and dates and that the o.pdf

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Assume Italy and Mali can both produce grain and dates and that the only limited resource is the farming labor force, with land, water, and all other resources plentiful in both countries. Each farmer in Italy can produce 10 tons of grain or 5 tons of dates in a season. Each farmer in Mali can produce 10 tons of grain or 25 tons of dates. Which country has the absolute advantage in Which country has the absolute advantage in producing dates? producing grain? Mali Neither Mali Italy Italy Neither Which country has the comparative advantage in Which country has the comparative advantage in producing dates? producing grain? Italy Neither Neither Italy Mali Mali.

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Assume Italy and Mali can both produce grain and dates and that the only limited resource is the farming labor force, with land, water, and all other resources plentiful in both countries. Each farmer in Italy can produce 10 tons of grain or 5 tons of dates in a season. Each farmer in Mali can produce 10 tons of grain or 25 tons of dates. Which country has the absolute advantage in Which country has the absolute advantage in producing dates? producing grain? Mali Neither Mali Italy Italy Neither Which country has the comparative advantage in Which country has the comparative advantage in producing dates? producing grain? Italy Neither Neither Italy Mali Mali

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Assume Italy and Mali can both produce grain and dates and that the o.pdf

  • 1. Assume Italy and Mali can both produce grain and dates and that the only limited resource is the farming labor force, with land, water, and all other resources plentiful in both countries. Each farmer in Italy can produce 10 tons of grain or 5 tons of dates in a season. Each farmer in Mali can produce 10 tons of grain or 25 tons of dates. Which country has the absolute advantage in Which country has the absolute advantage in producing dates? producing grain? Mali Neither Mali Italy Italy Neither Which country has the comparative advantage in Which country has the comparative advantage in producing dates? producing grain? Italy Neither Neither Italy Mali Mali