Question 5 (Table) Based on the table, who has a comparative advantage in making steel? Hint: Compute the comparative advantage for producing steel for the two countries: Canada's Production Possibilities Tons of Steel 15 Airplanes · 10 4 12 Mexico's Production Possibilities Tons of Steel Airplanes 9. 4 6. O A. Canada has a comparative advantage in producing steel since Canada's opportunity cost of 1 unit of steel = 0.8 vs 1.0 for Mexico. O B. Canada has a comparative advantage in producing steel since Canada's opportunity cost of 1 unit of steel = 1.0 vs 1.25 for Mexico. O C. Mexico has a comparative advantage in producing steel since Mexico's opportunity cost of 1 unit of steel = 0.8 vs 1.25 for Canada. O D. Neither country has a comparative advantage in making steel O E. Mexico has a comparative advantage in producing steel since Mexico's opportunity cost of 1 unit of steel = 1.0 vs 1.25 for Canada. 42T 20

Question 5 (Table) Based on the table, who has a comparative advantage in making steel? Hint: Compute the comparative advantage for producing steel for the two countries: Canada's Production Possibilities Tons of Steel 15 Airplanes · 10 4 12 Mexico's Production Possibilities Tons of Steel Airplanes 9. 4 6. O A. Canada has a comparative advantage in producing steel since Canada's opportunity cost of 1 unit of steel = 0.8 vs 1.0 for Mexico. O B. Canada has a comparative advantage in producing steel since Canada's opportunity cost of 1 unit of steel = 1.0 vs 1.25 for Mexico. O C. Mexico has a comparative advantage in producing steel since Mexico's opportunity cost of 1 unit of steel = 0.8 vs 1.25 for Canada. O D. Neither country has a comparative advantage in making steel O E. Mexico has a comparative advantage in producing steel since Mexico's opportunity cost of 1 unit of steel = 1.0 vs 1.25 for Canada. 42T 20

Name: Question 5(Table) Based on the table, who has a comparative advantage
Uploaded: 2022-12-02T21:52:30.000Z
Channel: Bartleby
Description: Question 5(Table) Based on the table, who has a comparative advantage in making steel?Hint: Compute the comparative advantage for producing steel for the two countries:Canada's Production PossibilitiesTons of Steel15Airplanes ·10412Mexico's Producti