Solved: Assume nebraska and virginia each have acres of farmland, Macroeconomics

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Assume nebraska and virginia each have acres of farmland

Assume Nebraska and Virginia each have acres of farmland. The following table gives hypothetical figures for yield per acre in the two states

Nebraska Virginia

wheat 9 5

cotton 7 2

who has the absolute advantage in the production of wheat?

who has the absolute advantage in the production of cotton?

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Macroeconomics: Assume nebraska and virginia each have acres of farmland

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Macroeconomics: Assume nebraska and virginia each have acres of farmland

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