Wheat 0 Paul 10 Corn Wheat 6 0 Paul has a comparative advantage in both wheat and corn. 4 Refer to Figure 3-1. What do the two producers have a comparative advantage in? Cliff Cliff has a comparative advantage in both wheat and corn. Corn Paul has a comparative advantage in wheat, and Cliff has a comparative advantage in corn. Cliff has a comparative advantage in wheat, and Paul has a comparative advantage in corn.

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Chapter3: Interdependence And The Gains From Trade
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Wheat
8
Paul
10
Corn
Wheat
6
4
Cliff
Refer to Figure 3-1. What do the two producers have a comparative advantage in?
Corn
Paul has a comparative advantage in both wheat and corn.
Paul has a comparative advantage in wheat, and Cliff has a comparative advantage in corn.
Cliff has a comparative advantage in wheat, and Paul has a comparative advantage in corn.
Cliff has a comparative advantage in both wheat and corn.
Transcribed Image Text:Wheat 8 Paul 10 Corn Wheat 6 4 Cliff Refer to Figure 3-1. What do the two producers have a comparative advantage in? Corn Paul has a comparative advantage in both wheat and corn. Paul has a comparative advantage in wheat, and Cliff has a comparative advantage in corn. Cliff has a comparative advantage in wheat, and Paul has a comparative advantage in corn. Cliff has a comparative advantage in both wheat and corn.
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