History, 16.10.2019 16:30 beard6488

Suppose that in france 40 labor hours are required to produce a liter of wine. in italy, 30 labor hours are required to produce a liter of wine. these figures indicate that a) italy has an absolute advantage in wine production. b) france has an absolute advantage in wine production. c) italy has a comparative advantage in wine production. d) france has a comparative advantage in wine production.

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