We can conclude from the table shown that Morocco has a comparative advantage in the production of tables.Labor Input to Produce Chairs and Tables MoroccoSpainChair31Table105 

Answer the following statement true (T) or false (F)


True

The opportunity cost of a table in Morocco is 3 1/3 chairs; in Spain, it is 5 chairs. Since Morocco has a lower opportunity cost, it has a comparative advantage in producing tables.

Economics

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