Business
Business, 25.12.2019 23:31, kidpryo1

If iowa's opportunity cost of corn is lower than oklahoma's opportunity cost of corn, then select one:

a. iowa has an absolute advantage in the production of corn.
b. iowa has a comparative advantage in the production of corn.
c. oklahoma should produce just enough corn to satisfy its own residents' demands.
d. iowa should import corn from oklahoma.

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Answers: 2

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