Business
Business, 27.04.2021 15:00, richardsonl

Assume Italy and Libya can both produce grain and dates, and that the only limited resource is the farming labor force, meaning that land, water, and all other resources are plentiful in both countries. Each farmer in Italy can produce 10 t of grain or 5 t of dates in a season. Each farmer in Libya can also produce 10 t of grain or 25 t of dates. Please answer the four questions. Which country has the absolute advantage in producing dates

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Assume Italy and Libya can both produce grain and dates, and that the only limited resource is the f...

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