Assume Bolivia and Chile use the same amount of resources to produce tin and copper. The following graphs represent their production possibilities curves. (1) Bolivia Chile 12 10 10 8. 8 2 4 6 10 12 14 4. 6. 8 10 12 14 16 Tons of copper Tons of copper Chile has a comparative advantage in the production of which metal? Chile has a comparative advantage in the production of (Click to select) v Tons of tin Tons of tin

Principles of Economics 2e
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Author:Steven A. Greenlaw; David Shapiro
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Chapter33: International Trade
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Assume Bolivia and Chile use the same amount of resources to produce tin and copper. The following graphs represent their
production possibilities curves.
Bolivia
Chile
12
10
10
8.
8.
6.
4
2
4
6.
8.
10
12
14
2
4
6.
8.
10
12
14
16
Tons of
copper
Tons of copper
Chile has a comparative advantage in the production of which metal?
Chile has a comparative advantage in the production of (Click to select) v
Tons of tin
Tons of tin
Transcribed Image Text:Assume Bolivia and Chile use the same amount of resources to produce tin and copper. The following graphs represent their production possibilities curves. Bolivia Chile 12 10 10 8. 8. 6. 4 2 4 6. 8. 10 12 14 2 4 6. 8. 10 12 14 16 Tons of copper Tons of copper Chile has a comparative advantage in the production of which metal? Chile has a comparative advantage in the production of (Click to select) v Tons of tin Tons of tin
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