According to the following situation below, who has the comparative advantage in producing coffee?
Costa Rica can produce rice, coffee, soybeans, and chocolate. However, because of the climate and land of Costa Rica, coffee is much cheaper and faster to produce. Vietnam can produce rice, coffee, soybeans, and chocolate as well. However, because of the climate and land of Vietnam, rice is much cheaper and faster to produce. Brazil can produce rice, coffee, soybeans, and chocolate as well. However, because of the climate of Brazil, chocolate is much cheaper and faster to produce. The United States can produce rice, coffee, soybeans, and chocolate as well. However, because of the climate of the United States, soybeans are much cheaper and faster to produce.
A. Brazil
B. Vietnam
C. Costa Rica
D. the United States
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “According to the following situation below, who has the comparative advantage in producing coffee? Costa Rica can produce rice, coffee, ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
When the vehicle speed is low, the driver should select a higher gear (which has a high gear ratio) so that the engine can be used to accelerate the vehicle. True False
Answers (1)
What is a founding principle of the U. S. economy? Saving money Hard work Free enterprise Private property
Answers (2)
An exchange rate table makes it easy to compare the
Answers (2)
A manufacturer of cedar shingles has supplied the following dа ta: Bundles of cedar shakes produced and sold 257,000 Sales revenue $ 2,081,700 Variable manufacturing expense $ 974,700 Fixed manufacturing expense $ 503,000 Variable selling and
Answers (1)
The second step in creating a budget is to determine your income. user: the second step in creating a budget is to determine your income.
Answers (1)
New Questions in Business
Why is there overlap among markets for financial assets?
Answers (2)
In general, the supply chain starts with A. final customers at the retail store. B. the provider of basic raw materials. C. research and development. D. a distributor.
Answers (1)
True or false: the market for tomatoes does exhibit the two primary characteristics that define perfectly competitive markets.
Answers (1)
Travis is employed in a logistics company. How can he best avoid workplace hazards? A. by staying seated at his desk B. by avoiding hazardous work C. by wearing safety goggles D. by maintaining an uncluttered workplace E.
Answers (1)
Midyear on July 31st, the Chester Corporation's balance sheet reported: Total Assets of $81.965 million Total Common Stock of $2.540 million Cash of $4.020 million Retained Earnings of $17.152 million.
Answers (1)